Rules & Regulations of the State of Tennessee
Title 1320 - Revenue
Subtitle 1320-05 - Sales and Use Tax Division
Chapter 1320-05-01 - State Sales and Use Tax Rules
Section 1320-05-01-.25 - FINANCE CHARGES - CARRYING CHARGES
Current through September 24, 2024
(1) Finance charges, carrying charges, time price differential, or interest from credit extended on sales of tangible personal property under conditional sale contracts or other contracts providing for deferred payments of the purchase price are not considered a part of the selling price of such property and are not subject to Sales Tax if the amount of such finance charges, carrying charges, time price differential, or interest is in addition to the usual or established case selling price, and:
(2) Unless these conditions are met, such charges shall be deemed to be part of the selling price for the purpose of computing the tax.
Authority: T.C.A. §§ 67-1-102 and 67-6-402.