Tenn. Comp. R. & Regs. 1320-02-01-.07

Current through December 10, 2024

Section 1320-02-01-.07 - EXEMPT PROPERTY

Expensive items of wearing apparel, such as furs or jewelry, which are luxuries and are not necessary for the taxpayer or for members of his family, are not exempt from levy and are, therefore, subject to levy.

Tenn. Comp. R. & Regs. 1320-02-01-.07

Original rule filed June 7, 1974. Amendment filed June 22, 1989; effective September 27, 1989.

Authority: T.C.A. §§ 67-1-1439 and 67-1-1407.