When tax levied becomes delinquent — Interest and penalties
Acts 1984, ch. 953, § 4; 1985, ch. 410, § 5; 1988, ch. 526, § 39.
(1) The tax levied by this part shall become delinquent on the sixteenth day of the month next succeeding the month in which such tax accrues.
(2) All interest and penalties collected with respect to the tax imposed by this part shall be retained by the department to help defray the expenses of administration and collection.
Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.