However, in addition to the flat state tax rate, there are slightly complicated rules regarding county taxes or local city taxes. The Tennessee state tax rate was raised in 2002, and has not been altered since. Is the Tennessee Sales Tax Destination-Based or Origin-Based?
Applying for Sales Tax Exemption in Tennessee It is not necessary for nonprofits that have an IRS Determination Letter stating they have federal tax-exempt status to file for Tennessee income tax exemption. The federal determination makes the nonprofit exempt automatically. Tennessee nonprofit organization...
Accordingly, the ruling concluded that the contractor may purchase the piping without paying sales tax. To do so, the contractor must apply for an industrial machinery exemption authorization number on a per project basis. The bottom line State rules vary both with regard ...
The opinion of Bond Counsel will be limited to matters relating to authorization and validity of the Bonds and to the tax-exemption of interest on the Bonds under present federal income tax laws, both as described above. The legal opinion will be delivered with the Bonds and the form of ...