TCA § 67-7-203 — Rate of tax — Liability of owners — Payment of tax
The county legislative body may set a tax rate on certain severed minerals, but the rate cannot exceed 15¢ per ton. Owners become liable when the material is severed and ready for sale, the tax is payable at sale and delivery, and revenue officials must use FIFO for certain existing stockpiles or inventories.
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- United States — Tennessee
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- en
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TCA § 67-7-203 — Rate of tax — Liability of owners — Payment of tax
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