Tenn. Comp. R. & Regs. 1320-04-05-.07 - COMMISSION AGENTS AND FACTORS
(1) Persons
operating as a commission agent or as a factor, such as an oil company bulk
station or any other type of business that does billing in the name of the
supplier they represent while using their own employees or agents and their own
equipment and supplies in operating their business, shall use the gross
commissions received by them as a basis for computing their Business Tax
liability. Such persons shall obtain a separate license in their own name even
though the principal they represent may have obtained a license for reporting
sales made by the commission agent or factor.
(2) Persons operating as a commission agent
or as a factor but who make sales in their own right, e.g., as a jobber, or in
a similar capacity, are taxable as sellers.
Notes
Authority: T.C.A. ยงยง67-5822 and 67-101.
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