Tenn. Comp. R. & Regs. 1320-04-05-.15 - DOMINANT BUSINESS ACTIVITY DEFINED FOR CLASSIFICATION PURPOSES

For purposes of business tax, both wholesale and retail businesses are classified according to their dominant business activity. The item comprising the largest proportion of taxable gross sales of the business when compared with other items sold determines its classification. Only one classification (of Classifications 1, 2, 3, or 4) shall apply. The fact that sales may be made at both wholesale and retail shall have no effect in determining the dominant business activity.

Notes

Tenn. Comp. R. & Regs. 1320-04-05-.15
Original rule certified June 7, 1974. Amendments filed June 28, 2016; effective 9/26/2016.

Authority: T.C.A. ยงยง 67-1-102, 67-4-703, and 67-4-708.

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