In the event a municipality conducts electric system operations outside the state, the maximum tax equivalent specified in this part shall not preclude the municipality's collecting from the electric system the additional amounts necessary to make appropriate tax or tax equivalent payments to taxing jurisdictions in the adjacent state or states in which the electric system operations are conducted in accordance with the applicable statutory requirements of such adjacent state or states.
Structure 2021 Tennessee Code
Title 7 - Consolidated Governments and Local Governmental Functions and Entities
Chapter 52 - Municipal Electric Plants
Part 3 - Municipal Electric System Tax Equivalent Law of 1987
§ 7-52-304. Tax Equivalents Authorized — Conditions and Limitations
§ 7-52-305. Execution of Amendatory Contracts
§ 7-52-306. Contracts for Distribution of Tax Equivalent Amounts
§ 7-52-307. Payments to Taxing Jurisdictions
§ 7-52-308. Operations in Adjacent States
§ 7-52-309. Distribution by Private Act or Home Rule or Metropolitan Government Charter