The department shall distribute the taxes collected pursuant to this part on a monthly basis to the applicable local governing body in which the short-term rental unit was located and for which the tax was collected. The department may deduct an administration fee of one and one hundred twenty-five thousandths percent (1.125%) of the collected tax to cover its expenses of administering the collection and distribution of the tax.
Structure 2021 Tennessee Code
Chapter 4 - Privilege and Excise Taxes
Part 15 - Short-Term Rental Unit Marketplace Tax
§ 67-4-1501. Part Definitions. [Effective January 1, 2021.]
§ 67-4-1504. Prohibited Advertising and Statements Relating to Tax. [Effective January 1, 2021.]
§ 67-4-1505. Applicable Administrative and Enforcements Provisions. [Effective January 1, 2021.]
§ 67-4-1507. Promulgation of Rules. [Effective January 1, 2021.]
§ 67-4-1508. Inapplicability of Part — Applicability of Section. [Effective January 1, 2021.]
§ 67-4-1509. Report on Tax Rate Imposed by Local Government. [Effective January 1, 2021.]