Tenn. Comp. R. & Regs. 1320-05-01-.107 - ELECTRICITY
(1) Sales of electricity, including any
charges such as demand, minimum bill, temporary service, and scrap, and items
of tangible personal property for accommodation, are subject to sales and use
tax.
(2) Charges for amortization,
investment, collection fees, damaged facilities, late payment, and security
deposits are not subject to sales and use tax provided they are indicated as
such on the statement given to the customer, and the charges are segregated and
maintained as such on the books and records of the dealer. If these changes are
not indicated as such on a statement given to the customer, and are not
maintained as such on the books and records of the dealer, they are subject to
sales and use tax.
(3) Statements
for sales of electricity must indicate in some manner whether the customer is
paying any sales and use tax.
Notes
Authority: T.C.A. ยงยง 67-1-102, 67-6-209, and 67-6-402.
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