The department of revenue shall make annual adjustments to the sales and use tax revenues collected in the district within ninety (90) days of the end of each fiscal year. The annual adjustments are effective immediately upon notification of the adjustment from the department of revenue to the municipality or industrial development corporation.
Tenn. Code Ann. § 7-41-105
Annual adjustments to sales and use tax revenues collected in district
Known as the Regional Retail Tourism Development District Act
The act spans §§ 7–7 (11 sections).
Acts 2019, ch. 498, § 6.
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.