Tennessee § 56-51-152 - Taxes imposed.
Full text of Tennessee Tennessee Code Annotated § 56-51-152 — Taxes imposed., with citation guidance and answers to common questions.
§ 56-51-152. Taxes imposed.
The premiums, contributions and assessments received by prepaid limited health service organizations are subject to the tax imposed by § 56-32-124; provided, however, that the premiums, contributions and assessments received by prepaid limited health service organizations pursuant to subcontracts with entities under contract to the Title XIX single state agency for the provision of health care services are exempt from the tax. The department shall administer this section pursuant to § 56-32-124. The amount of taxes collected under this section shall be a single credit against the sum total of the taxes imposed by the Franchise Tax Law, compiled in title 67, chapter 4, part 21 and by the Excise Tax Law, compiled in title 67, chapter 4, part 20. Acts 2000, ch. 948, § 52; 2007, ch. 299, § 1. Code Commission Notes. Former subsection (d), concerning the expiration of the exemption from subsection (a) with regard to premiums, contributions and assessments received, was deleted as obsolete by the code commission in 2008. Compiler's Notes. Title XIX, referred to in this section, apparently means Title XIX of the Social Security Act, compiled in 42 U.S.C. § 1396 et seq.
Frequently Asked Questions About Tennessee § 56-51-152
What does Tennessee Code Annotated § 56-51-152 cover?
Section 56-51-152 ("Taxes imposed.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Tennessee § 56-51-152?
A common citation format is "Tennessee Code Annotated § 56-51-152" (Tennessee). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 56-51-152 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Tennessee.