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University of Tennessee, Knoxville

Tax rates

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Hot Topic: State Tax Rate On Utility Sales To Manufacturers, Al Major Feb 2003

Hot Topic: State Tax Rate On Utility Sales To Manufacturers, Al Major

MTAS Publications: Hot Topics

The manufacturer sales tax rate has become an issue as cities are updating their utility billing systems for the increased state sales tax.


Hot Topic: Changes In The Rate And Distribution Of The Business Tax Effective September 1, 2002, Dick Phebus Aug 2002

Hot Topic: Changes In The Rate And Distribution Of The Business Tax Effective September 1, 2002, Dick Phebus

MTAS Publications: Hot Topics

2002 Tenn. Pub. Acts 856 (the Tax Reform Act of 2002) amends the business tax law, requiring businesses to pay fifty percent more in taxes when renewing business licenses.


Hot Topic: Changes To The State And Local Sales And Use Tax Return: Effective July 15, 2002, Dick Phebus Aug 2002

Hot Topic: Changes To The State And Local Sales And Use Tax Return: Effective July 15, 2002, Dick Phebus

MTAS Publications: Hot Topics

Because the sales tax rate increase became effective July 15, 2002, reporting sales may be complicated due to the fact that a municipality may have taxable sales from July 1-14 at the old state rate of 6% and sales from July 15-31 at the new state rate of 7%.