Tennessee Code Annotated
Tenn. Code Ann. § 67-2-102 (2026)
Imposition, rate and collection of tax
✓ current as of May 2026
An income tax shall be levied and collected annually on incomes derived by way of dividends from stocks or by way of interest on bonds of each person, partnership, association, trust and corporation in this state who received, or to whom accrued, or to whom was credited during any year income from the sources enumerated in this section, except as otherwise provided in this chapter. The rate of the tax imposed by this chapter shall be:
- (1) For any tax year that begins on or after January 1, 2017, and prior to January 1, 2018, four percent (4%);
- (2) For any tax year that begins on or after January 1, 2018, and prior to January 1, 2019, three percent (3%);
- (3) For any tax year that begins on or after January 1, 2019, and prior to January 1, 2020, two percent (2%);
- (4) For any tax year that begins on or after January 1, 2020, and prior to January 1, 2021, one percent (1%); and
- (5) For any tax year that begins on or after January 1, 2021, and for subsequent tax years, zero percent (0%).
Amended by 2017 Tenn. Acts, ch. 181, s 13, eff. 4/26/2017.
Amended by 2016 Tenn. Acts, ch. 1064, s 1, eff. 5/20/2016.
Acts 1931 (2nd Ex. Sess.), ch. 20, § 1; 1937, ch. 117, § 1; 1937, ch. 297, § 1; C. Supp. 1950, § 1123.1; modified; Acts 1967, ch. 176, § 2; T.C.A. (orig. ed.), §§ 67-2602, 67-2603; Acts 1985, ch. 395, § 2.
Notes of Decisions
Cited in 6
cases, 1984–2014 · leading case: Dobson v. Huddleston, 863 S.W.2d 392 (Tenn. 1993).
Dobson v. Huddleston, 863 S.W.2d 392 (Tenn. 1993). “The statute that imposes the tax is T.C.A. § 67-2-102 (1989), which provides as follows: An income tax in the amount of six percent (6%) per annum shall be levied and collected on incomes derived by way of dividends from stocks or by way of interest on bonds of each person,…”
Steele v. Indus. Dev. Bd. of the Metro. Gov't of Nashville & Davidson Cnty., 950 S.W.2d 345 (Tenn. 1997). “Tenn.Code Ann. § 67-2-102 (1994) provides: An income tax in the amount of six percent (6%) per annum shall be levied and collected on incomes derived by way of dividends from stocks or by way of interest on bonds of each person, partnership, association, trust and corporation in…”
Shackleford v. Olsen, 675 S.W.2d 171 (Tenn. 1984). “” T.C.A. § 67-2-102(a). The taxing statute defines the term “bond” as: “.”
William E. Cherry v. Reagan Farr, Comm'r of The Dep't of Revenue For the State of Tennessee (Tenn. Ct. App. 2014). “The notice explained that dividends on stock are taxable pursuant to the Tennessee Hall Income Tax, codified at Tenn. Code Ann. § 67-2-102 (2011), which provides: An income tax in the amount of six percent (6%) per annum shall be levied and collected on incomes derived by way of…”
Steele v. Indus. Dev. Bd., 950 S.W.2d 345 (Tenn. 1997). “[3] Tenn. Code Ann. § 67-2-102 (1994) provides: An income tax in the amount of six percent (6%) per annum shall be levied and collected on incomes derived by way of dividends from stocks or by way of interest on bonds of each person, partnership, association, trust and…”
W. Turner Boone v. Loren L. Chumley, Comm'r of The Tennessee Dep't of Revenue, 372 S.W.3d 104 (Tenn. Ct. App. 2011). “The operative provision is § 67-2-102, which states: An income tax in the amount of six percent (6%) per annum shall be levied and collected on incomes derived by way of dividends from stocks or by way of interest on bonds of each person, partnership, association, trust and…”
— Tenn. Code Ann. § 67-2-102(a) — 1 case
Shackleford v. Olsen, 675 S.W.2d 171 (Tenn. 1984). “” T.C.A. § 67-2-102(a). The taxing statute defines the term “bond” as: “.”
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