Tenn. Comp. R. & Regs. 0600-09-.12 - RECORDS AND REPORTING TO STATE

(1) All documents and records of the tax freeze program shall be maintained by the collecting official for a period of five (5) years from the deadline date for the application or reapplication.

(2) Collecting officials may store the application and any documentation submitted for purposes of verification of income, age, residency, ownership, or other documentation necessary to qualify for the tax freeze in an electronic format and storage medium

(3) Pursuant to Tenn. Code Ann. § 67-5-705(g)(2) the financial records obtained by the collecting official shall be considered confidential but shall be available to local or state officials who administer or enforce the provisions of the tax freeze program.

(4) The collecting official shall furnish the following information to the Division on or before December 15 of each year:

(a) the total number of taxpayers on the tax freeze program by jurisdiction,

(b) the aggregate amount of actual taxes subject to the tax freeze,

(c) the aggregate amount of the frozen taxes; and

(d) other such information required by the Division.

Notes

Tenn. Comp. R. & Regs. 0600-09-.12

Original rule filed November 13, 2007; effective January 27, 2008.

Authority: Public Chapter 581, Acts of 2007, T.C.A. § 67-5-705.