Nothing in this chapter shall be construed to exempt cooperatives and foreign corporations transacting business in this state pursuant to this chapter from ad valorem property taxes. Assessment schedules for such property that is devoted to and used or useful in pursuance of the purposes of the G&T cooperative shall be filed with the comptroller of the treasury, and the payment of such taxes shall be in lieu of all other taxes of every kind or nature, unless it is otherwise specifically provided by law that such other tax or taxes shall be applicable to cooperatives formed or foreign corporations transacting business pursuant to this chapter.
Structure 2021 Tennessee Code
Title 48 - Securities, Corporations and Associations
Chapter 69 - Electric G&t Cooperative Act
§ 48-69-103. Chapter Definitions
§ 48-69-104. Operation as a Nonprofit Membership Cooperative Corporation
§ 48-69-105. Existing Cooperatives
§ 48-69-110. Principal Officers
§ 48-69-111. Chief Executive Officer
§ 48-69-117. No Exemption From Ad Valorem Property Taxes
§ 48-69-119. Exemption From Control of the Tennessee Public Utility Commission
§ 48-69-120. Chapter 16 of This Title Not Applicable to Any Note, Bond or Evidence of Indebtedness
§ 48-69-121. Utility Districts Created Under Title 7, Chapter 82 Exempt From Chapter