Stocks and bonds upon the income from which a tax is imposed under this chapter shall not be back assessed for taxation by the state or any municipality, county or political subdivision of the state and the state of Tennessee and municipalities, counties and political subdivisions of this state, and the officials and representatives of the state are expressly prohibited from back assessing for ad valorem tax any such stocks and/or bonds for any year or years.
Structure 2021 Tennessee Code
§ 67-2-101. Chapter Definitions
§ 67-2-102. Imposition, Rate and Collection of Tax
§ 67-2-103. Tax for State Purposes Only
§ 67-2-105. Back Assessments Prohibited
§ 67-2-109. Brokers — Liability for Return and Tax
§ 67-2-117. Commissioner — Payment of Revenue to Comptroller of the Treasury
§ 67-2-118. Disposition of Proceeds From Penalties
§ 67-2-122. Taxes Paid on Out-of-State Shares of Subchapter S Corporation