No tax is due with respect to tangible personal property of a sole proprietorship that becomes the assets of a corporation resulting from the incorporation of such sole proprietorship. Any such transactions are not a taxable event and shall not be deemed to be a sale under this title.
Structure 2021 Tennessee Code
Chapter 6 - Sales and Use Taxes
§ 67-6-211. Property No Longer in Interstate Commerce
§ 67-6-213. Renting or Providing Space to Transient Dealers or Vendors
§ 67-6-223. Property of Proprietorship Incorporated During Tax Period
§ 67-6-227. Sales Tax on Satellite Television Services. [Effective Until July 1, 2021.]
§ 67-6-229. Sales to Schools or School Support Groups Intended for Resale