Tenn. Comp. R. & Regs. 1320-05-01-.95

Current through December 10, 2024

Section 1320-05-01-.95 - USE OF PROPERTY UPON WHICH NO SALES OR USE TAX HAS BEEN PAID

When a person purchases tangible personal property upon which no Sales or Use Tax is paid, and which is used or consumed as tangible personal property subject to the Sales or Use Tax, such use must be reported and a tax paid thereon for the month in which the taxable use arose. It is the duty of the person to keep accurate records to show what determination is made of such property.

Tenn. Comp. R. & Regs. 1320-05-01-.95

Original rule certified June 7, 1974. Amendment filed June 28, 2000; effective September 11, 2000.

Authority: T.C.A. §§ 67-1-102, 67-6-201, and 67-6-402.