Rules & Regulations of the State of Tennessee
Title 1320 - Revenue
Subtitle 1320-04 - Miscellaneous Tax Division
Chapter 1320-04-05 - Business Tax Rules and Regulations
Section 1320-04-05-.34 - PATRONAGE DIVIDENDS OF COOPERATIVE ASSOCIATIONS
Universal Citation: TN Comp Rules and Regs 1320-04-05-.34
Current through September 24, 2024
The amount of cash and other patronage dividends, declared by cooperative selling associations or corporations are paid to or credited to a member's account from the earnings of such association or corporation, may be taken as a deduction from gross sales for the tax period in which the distributions and credits are made.
Authority: T.C.A. §§ 67-1-102 and 67-4-703.
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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