Tennessee § 67-4-2001 - Short title.

§ 67-4-2001. Short title.

This part shall be known and may be cited as the “Excise Tax Law of 1999.” Acts 1999, ch. 406, § 3. Compiler's Notes. Acts 1999, ch. 406, § 13, provided that the commissioner is authorized to promulgate rules and regulations in accordance with the provisions of title 4, chapter 5, to implement and administer the provisions of The Tax Revision and Reform Act of 1999. Such rules, to the extent deemed necessary by the commissioner for timely implementation of this act, shall include public necessity rules (now emergency rules). Acts 1999, ch. 406, § 19(b) provided that §§ 67-4-2001 — 67-4-2017 shall apply to tax years ending on and after June 30, 1999, for limited liability companies, limited liability partnerships and limited partnerships, in which one or more corporations subject to excise taxes under prior law directly or indirectly have in the aggregate an eighty percent (80%) or more ownership interest at any time after June 30, 1998; however, §§ 67-4-2001 — 67-4-2017 shall apply to tax years beginning on or after July 1, 1999, for all other taxpayers. Cross-References. Insurance taxes, title 56, ch. 4, part 2. Textbooks. Tennessee Jurisprudence, 23 Tenn. Juris., Taxation, § 78. Law Reviews. Amendments to the Tax Revision and Reform Act (J. Leigh Griffith), 36 Tenn. B.J. 23 (2000). Preferences, Priorities, and Powers of the State in the Collection of Delinquent Revenue: Tennessee's Tax Enforcement Procedures Act (Donald J. Serkin), 8 Mem. St. U.L. Rev. 707 (1978). Taxation-State Tax Apportionment of Out-Of-State Business Income—Constitutionality and Propriety of a State's Apportionment and Taxation of Capital Gains as Business Earnings (Clark Milner), 79 Tenn. L. Rev. 437 (2012). Taxing Tennessee: New Business Taxes for 1999 (J. Leigh Griffith), 35 Tenn. B.J. 12 (1999). To Pay or Not to Pay: A Primer on the Federal Unrelated Business Income Tax (UBIT) for Non-tax Lawyers (Sean P. Scally), 37 Tenn. B.J. 12 (2001). Cited: Hilloak Realty Co. v. Chumley, 233 S.W.3d 816, 2007 Tenn. App. LEXIS 170 (Tenn. Ct. App. Mar. 29, 2007).