67-2-118 - Disposition of proceeds from penalties. - Tennessee Statutes

67-2-118. Disposition of proceeds from penalties.

A sum not to exceed three fifths (3/5) of all penalties collected during the preceding fiscal year may be used for administrative purposes and for the collection of the tax or taxes imposed by this chapter, such sum to be in addition to that authorized by the provisions of § 67-2-117.

[Acts 1931 (2nd E.S.), ch. 20, § 8; C. Supp. 1950, § 1123.23; Acts 1963, ch. 271, § 3; T.C.A. (orig. ed.), § 67-2632.]