Tennessee § 67-3-702 - In-state terminal operator reports.

§ 67-3-702. In-state terminal operator reports.

Each person operating a terminal in this state shall file monthly with the department a sworn statement of operations of each terminal within this state, including the information set out in subsection (b), on forms prescribed by the department. The department may require the reporting of any information it considers reasonably necessary in addition to that required under subsection (b). The monthly terminal report required by this section shall be filed on or before the last day of the month following the month of activity and shall include the following information for each terminal location in this state: Terminal code assigned by the internal revenue service; Total inventory at the terminal operated by the terminal operator; Schedules of receipts by shipment, including: Carrier name; Carrier federal employer identification number; Mode of transportation; Date received; Document number; Net gallons received; and Product type; and Schedules of removals by shipment, including: Carrier name; Carrier federal employer identification number; Mode of transportation; Destination state; Supplier responsible for reporting removal; Supplier federal employer identification number; Date removed from terminal; Document number; Net gallons; and Gross gallons; provided, that in the event the internal revenue service provides a common system of assigning to carriers alpha-numeric codes instead of names, then this data will be required in lieu of carrier names. For purposes of reporting and determining tax liability under this chapter, every licensee shall maintain inventory records as required by the department. Each person operating a terminal in this state shall also file an annual report for each terminal within this state on forms provided by the department. The taxes and fees shall be paid and the report shall be filed for each calendar year on or before February 25 of the following year. The report shall include data as follows: The amount of monthly gains or losses, in net gallons; The total net gallons removed from the terminal in bulk during the calendar year; The total net gallons removed across the terminal rack during the calendar year; The amount of tax due calculated pursuant to §§ 67-3-302(b) and 67-3-303(c); and Such other information as the department considers reasonably necessary to determine the tax liability of the terminal operator under this chapter. Acts 1997, ch. 316, § 1; T.C.A., § 67-3-1802 . Compiler's Notes. Former title 67, ch. 3, parts 12-24 were transferred to title 67, ch. 3, parts 1-13 in 2003. See the parallel reference table for former and new section locations in § 67-3-101 . Collateral References. Gasoline and motor fuel taxes 371.1293-1297. Accounting, returns, and reports 371.1313.