2018 Tennessee Code
Title 68 - Health, Safety and Environmental Protection
Safety
Chapter 102 - Fire Prevention and Investigation
Part 1 - General Provisions
§ 68-102-142. Tax on net premium receipts of fire insurance companies to defray expenses of enforcement.

For the maintenance of the division of fire prevention and the payment of expenses incident thereto, each fire insurance company transacting business in this state, at the same time it pays other taxes now required by law, shall pay to the commissioner of commerce and insurance the sum of three quarters of one percent (0.75%) on the net premium receipts of the insurance companies on all business transacted by them in Tennessee, during the next preceding year, as shown by their annual statement under oath to the department of commerce and insurance. This sum shall be held in a separate fund by the commissioner, and shall be designated as the fire prevention fund, for the maintenance of the division of fire prevention, and the payment out of the fund for the expenses and maintenance of the division shall be made only on the warrant of the commissioner, and any and all moneys on hand in this division at the end of each fiscal year shall be turned in to the general fund of the state; provided, that this state shall in no way be liable for the salaries or expenses of the fire prevention division other than the fund as provided in this section for such purposes.