Tennessee § 7-52-301 - Short title.
Full text of Tennessee Tennessee Code Annotated § 7-52-301 — Short title., with citation guidance and answers to common questions.
§ 7-52-301. Short title.
This part shall be known and may be cited as the “Municipal Electric System Tax Equivalent Law of 1987.” Acts 1987, ch. 84, § 2. Compiler's Notes. Former part 3, §§ 7-52-301 — 7-52-306 (Acts 1969, ch. 237, §§ 1-6; T.C.A., §§ 6-1538 — 6-1543; Acts 1981, ch. 457, § 1), which concerned tax equivalent payments for municipal electric plants, was repealed by Acts 1987, ch. 84, § 1. Attorney General Opinions. A generation facility constructed by the McMinnville Electric System (MES) to maintain and perform contractual obligations under agreements with the Tennessee Valley authority should be included in the calculation of the “net plant value” of MES for purposes of determining the amount of payments in lieu of taxes on property and operations owed to McMinnville and Warren County by MES pursuant to T.C.A. § 7-52-301 et seq.; and MES was not entitled to a credit from McMinnville and Warren County for the amounts already paid, OAG 02-080, 2002 Tenn. AG LEXIS 84 (7/15/02).
Frequently Asked Questions About Tennessee § 7-52-301
What does Tennessee Code Annotated § 7-52-301 cover?
Section 7-52-301 ("Short title.") 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 § 7-52-301?
A common citation format is "Tennessee Code Annotated § 7-52-301" (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 § 7-52-301 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.