Tenn. Code Ann. § 67-4-904
Payment of tax
The tax levied under this part shall be due and payable quarterly. For the purpose of ascertaining the amount of tax payable under this part, it shall be the duty of each fantasy sports operator, on or before the twentieth day immediately following the end of each calendar quarter, to transmit to the commissioner, upon forms prescribed by the commissioner, returns, showing all receipts derived from offering or providing consumers with any of the privileges taxable under this part during the preceding calendar quarter and other necessary information, as determined by the commissioner, to determine the adjusted revenues of a fantasy sports contest offered by a fantasy sports operator.
Added by 2016 Tenn. Acts, ch. 978,s 4, eff. 7/1/2016.
Notes of Decisions
Cited in 4
cases, 1985–2011 · leading case: Broadmoor-Kingsport Apartments, Inc. v. State
Broadmoor-Kingsport Apartments, Inc. v. State (1985)
“” The privilege tax is imposed at a rate of fifteen cents per $100.”
Tennessee Farmers Assurance Company v. Loren L. Chumley (2006)
“The Tennessee franchise tax, pursuant to T.C.A. § 67-4-904, 4 is also accessed annually and is a tax of twenty-five cents (25 c) on every one hundred dollars ($100) of the issued and outstanding stock, surplus and undivided profits of a corporation.”
Malco Theaters, Inc. v. Richard H. Roberts, Commissioner of Revenue, State of Tennessee (2011)
“Tenn. Code Ann. § 67-4-904 (1998). Tennessee Code Annotated section 67-4-2106 similarly provided, in pertinent part: (a) The privilege tax hereby imposed on all taxpayers shall be a tax of twenty-five cents (25¢) per one hundred dollars ($100), or major fraction thereof, of a…”
L.M. Berry & Co. v. Huddleston (1999)
“T.C.A. § 67-4-904(a). In the event that a corporation engages in business in Tennessee as well as other states, it is entitled to apportion its income and property for purposes of determining its tax liability.”
— Tenn. Code Ann. § 67-4-904(a) — 2 cases
Broadmoor-Kingsport Apartments, Inc. v. State (1985)
“” The privilege tax is imposed at a rate of fifteen cents per $100.”
L.M. Berry & Co. v. Huddleston (1999)
“T.C.A. § 67-4-904(a). In the event that a corporation engages in business in Tennessee as well as other states, it is entitled to apportion its income and property for purposes of determining its tax liability.”
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