67-3-508 - Collection administration allowance. - Tennessee Statutes

67-3-508. Collection administration allowance.

To the extent a supplier, a permissive supplier, or a bonded importer timely remits taxes in accordance with this chapter, such person shall be allowed to retain one-tenth of one percent (0.1%) of the taxes imposed by §§ 67-3-201 and 67-3-202 to cover the costs of administration imposed by this chapter, including reporting, audit compliance, dye injection, and shipping paper preparation.

[Acts 1997, ch. 316, § 1; T.C.A., § 67-3-1608.]