A sum not to exceed three fifths (3/5) of all penalties collected during the preceding fiscal year may be used for administrative purposes and for the collection of the tax or taxes imposed by this chapter, such sum to be in addition to that authorized by § 67-2-117.
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