Tenn. Comp. R. & Regs. 1320-05-01-.46

Current through December 10, 2024

Section 1320-05-01-.46 - EXEMPT PERIODICALS

Periodicals printed entirely on newsprint or bond paper and regularly distributed on a biweekly or other printed matter distributed with such periodical are exempt from the sales and use tax. For the purpose of this rule and Tennessee Code Annotated Section 67-6-329(25), "periodicals" means publications consisting of successive issues published at regular intervals and "distributed on a biweekly or more frequent basis" refers to the initial distribution of new issues. Therefore, a periodical is considered regularly distributed on a biweekly or more frequent basis if new issues are published and distributed at least every fourteen days.

Tenn. Comp. R. & Regs. 1320-05-01-.46

Original rule certified June 7, 1974. Amendment filed March 3, 1983; effective June 15, 1983. Repeal filed July 15, 1991; effective August 29, 1991. New rule filed May 20, 1994; effective August 29, 1994.

Authority: T.C.A. §§ 67-1-102, 67-6-402, and 67-6-329; 1993 Tenn. Public Acts 2.