Tennessee § 67-5-1205 - Elements included in valuation of stock.
Full text of Tennessee Tennessee Code Annotated § 67-5-1205 — Elements included in valuation of stock., with citation guidance and answers to common questions.
§ 67-5-1205. Elements included in valuation of stock.
The value of the corporate property and capital stock of each company subject to this part shall be construed as including all the tangible and intangible value of such company. The assessment and taxation of such corporate property and capital stock under this part shall be in lieu of the taxation of the income derived from such corporate property and capital stock and of the assessment and taxation of the shares of stock of such company as the personal property of its stockholders. No person shall be taxed on the income derived from any stock which constitutes a part of the capital stock of any insurance company which is itself subject to this part or which has a wholly-owned subsidiary which is subject to this part. Acts 1968, ch. 431, § 5; T.C.A., § 67-733.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 67-5-1205
What does Tennessee Code Annotated § 67-5-1205 cover?
Section 67-5-1205 ("Elements included in valuation of stock.") 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 § 67-5-1205?
A common citation format is "Tennessee Code Annotated § 67-5-1205" (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 § 67-5-1205 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.