Tennessee § 7-57-307 - Tax exemption — Exceptions — Tax equivalents.
Full text of Tennessee Tennessee Code Annotated § 7-57-307 — Tax exemption — Exceptions — Tax equivalents., with citation guidance and answers to common questions.
§ 7-57-307. Tax exemption — Exceptions — Tax equivalents.
The authority shall be exempt from the payment of any taxes or fees to the state or any subdivisions of the state, or to any officer or employee of the state or any subdivision of the state, except as provided in this section. The property of an authority shall be exempt from all county and municipal taxes, and for the purposes of such tax exemption, it is hereby declared as a matter of legislative determination that an authority is and shall be deemed to be a municipal corporation; provided, that the authority shall pay all county and municipal fees. An authority may, however, agree to the payment of tax equivalents to the creating or participating municipalities, as provided in § 7-57-201(g) . Acts 1971, ch. 316, § 12; T.C.A., § 6-4015. Cross-References. Certain hospital authorities to pay tax equivalents on realty leased for commercial purposes, § 67-9-201 .
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 7-57-307
What does Tennessee Code Annotated § 7-57-307 cover?
Section 7-57-307 ("Tax exemption — Exceptions — Tax equivalents.") 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 § 7-57-307?
A common citation format is "Tennessee Code Annotated § 7-57-307" (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 § 7-57-307 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.