7-52-308 - Operations in adjacent states. - Tennessee Statutes

7-52-308. Operations in adjacent states.

In the event a municipality conducts electric system operations outside the state of Tennessee, the maximum tax equivalent specified in this part shall not preclude the municipality's collecting from the electric system the additional amounts necessary to make appropriate tax or tax equivalent payments to taxing jurisdictions in the adjacent state or states in which the electric system operations are conducted in accordance with the applicable statutory requirements of such adjacent state or states.

[Acts 1987, ch. 84, § 9.]