Tennessee § 65-25-132 - Joint ventures subject to excise and franchise taxes.
Full text of Tennessee Tennessee Code Annotated § 65-25-132 — Joint ventures subject to excise and franchise taxes., with citation guidance and answers to common questions.
§ 65-25-132. Joint ventures subject to excise and franchise taxes.
Each joint venture created pursuant to § 65-25-105 or § 65-25-131 in which one (1) or more of the owners of the joint venture is an entity subject to the taxes imposed by title 67, chapter 4, parts 20 and 21 shall itself be subject to and shall pay the taxes required by title 67, chapter 4, parts 20 and 21, or any tax imposed in place thereof. Acts 1999, ch. 430, § 7; T.C.A. § 65-25-232 . Code Commission Notes. Former part 1 of this chapter was deleted and former part 2 was renumbered as T.C.A. §§ 65-25-101 to 65-25-135 by authority of the Code Commission in 2015. Compiler's Notes. Acts 1999, ch. 430, § 9 provided that that act supersedes any conflicting general law, charter or metropolitan charter provisions.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 65-25-132
What does Tennessee Code Annotated § 65-25-132 cover?
Section 65-25-132 ("Joint ventures subject to excise and franchise taxes.") 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 § 65-25-132?
A common citation format is "Tennessee Code Annotated § 65-25-132" (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 § 65-25-132 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.