Tennessee § 6-56-407 - Violations.
Full text of Tennessee Tennessee Code Annotated § 6-56-407 — Violations., with citation guidance and answers to common questions.
§ 6-56-407. Violations.
Any municipality determined by the comptroller of the treasury to be in violation of the requirements of § 6-56-402 is subject to the following penalty: Sales tax revenue collected and distributed by the state to the municipality shall be reduced by an amount mutually agreed upon by the comptroller of the treasury and the commissioner of revenue. The sales tax revenue reduction shall not exceed fifteen percent (15%) of the total amount due to the municipality in a fiscal year, until the municipality is in compliance with § 6-56-402; The amounts reduced as a penalty pursuant to this section shall be held in reserve by the department of revenue and allocated to the municipality after the municipality complies with § 6-56-402 as determined by the comptroller of the treasury. The penalty assessed by this section may be waived by the comptroller of the treasury in accordance with policies and procedures established by the comptroller. Acts 2007, ch. 576, § 1; 2013, ch. 153, § 8; 2015, ch. 208, § 1. Amendments. The 2015 amendment rewrote the section which read “Any municipality determined by the comptroller of the treasury to be in violation of the requirement of this part that the municipality have in its employ a certified municipal finance officer (CMFO) or exempt individual in a position of financial oversight is subject to a civil penalty to be levied by the comptroller of up to fifty dollars ($50.00) per day during the entire time the violation continues.” Effective Dates. Acts 2015, ch. 208, § 2. April 20, 2015.
Frequently Asked Questions About Tennessee § 6-56-407
What does Tennessee Code Annotated § 6-56-407 cover?
Section 6-56-407 ("Violations.") 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 § 6-56-407?
A common citation format is "Tennessee Code Annotated § 6-56-407" (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 § 6-56-407 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.