Go to Previous Versions
of
this Section
2023 Tennessee Code
Title 67 - TAXES AND LICENSES (§§ 67-1-101 — 67-10-107)
Chapter 5 - PROPERTY TAXES (§§ 67-5-101 — 67-5-2803)
Part 12 - CLASSIFICATION AND ASSESSMENT - INSURANCE COMPANIES (§§ 67-5-1201 — 67-5-1209)
Section 67-5-1205 - Elements included in valuation of stock
Universal Citation:
TN Code § 67-5-1205 (2023)
Learn more
This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
- (a) The value of the corporate property and capital stock of each company subject to this part shall be construed as including all the tangible and intangible value of such company.
- (b) The assessment and taxation of such corporate property and capital stock under this part shall be in lieu of the taxation of the income derived from such corporate property and capital stock and of the assessment and taxation of the shares of stock of such company as the personal property of its stockholders.
- (c) No person shall be taxed on the income derived from any stock which constitutes a part of the capital stock of any insurance company which is itself subject to this part or which has a wholly-owned subsidiary which is subject to this part.
Acts 1968, ch. 431, § 5; T.C.A., § 67-733.
Disclaimer: These codes may not be the most recent version. Tennessee may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
