Rules & Regulations of the State of Tennessee
Title 1320 - Revenue
Subtitle 1320-04 - Miscellaneous Tax Division
Chapter 1320-04-02 - Sales of Alcoholic Beverages for Consumption on the Premises
Section 1320-04-02-.03 - COMPUTATION OF TAX

Universal Citation: TN Comp Rules and Regs 1320-04-02-.03

Current through September 24, 2024

(1) The amount of alcoholic beverages tax and sales tax due monthly or during an accounting period shall be computed by dividing the sum of the alcoholic beverage tax rate and the applicable sales tax rate, plus 100%, into the total sales price of all alcoholic beverages sold during each calendar month or accounting period. The resultant figure shall then be used as a taxable base to which the alcoholic beverages tax rate shall be applied to arrive at the amount of alcoholic beverages tax due, and the figure to which the applicable sales tax shall be applied to arrive at the amount of sales tax due on alcoholic beverages only.

Example: Based on sales price of alcoholic beverages in the amount of $1,500.

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Authority: T.C.A. §§ 67-1-102 and 57-4-302.

Disclaimer: These regulations 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.
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