Tenn. Comp. R. & Regs. 1320-03-02-.05

Current through December 10, 2024

Section 1320-03-02-.05 - AMOUNT OF INCOME NOT TAXABLE

Any person having a legal domicile in Tennessee or maintaining a place of residence in Tennessee for more than six (6) months in the tax year and receiving income in the form of dividends from stock or interest on bonds in a gross amount greater than $1250 for an individual return or $2500 for a joint return must file a Tennessee income tax return, notwithstanding that such income may be subject to the exemptions provided in T.C.A. § 67-2-104.

Original rule certified June 7, 1974. Amendment filed February 17, 1988; effective May 29, 1988. Repeal by Public Chapter 502; effective June 30, 1989. New rule filed February 23, 1990; effective April 9, 1990.

Authority: T.C.A. §§ 67-1-102, 67-2-107, and 4-5-225.