reglab/housing_qa huggingface dataset:
TN Code § 56-4-215 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 4 - Fees and Taxes|Part 2 - Taxes|§ 56-4-215. Foreign Companies — Tax Upon Business in Force Upon Ceasing to Transact New Business — Failure to Pay Tax, Penalty — Condition to Obtain or Renew License

  A foreign insurance company that takes out or renews a license to transact business in this state shall, upon the expiration of their license for any cause, or upon their ceasing to transact new business in this state, continue to pay the same tax upon its business remaining in force in this state, and in like manner and at like times as other duly licensed insurance companies of the same class are required to pay by any current law in force at that time.   Such foreign companies that fail to pay the taxes required of them by this section, within sixty (60) days after the taxes are due, shall be liable for a penalty of fifty percent (50%) in addition to the taxes, recoverable at law or in equity.   Compliance with this section shall be a condition upon which any foreign insurance company shall be authorized to obtain or renew a license, and the acceptance of these terms or conditions shall be conclusively presumed from the taking out or the renewing of the license.
TN Code § 56-4-217 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 4 - Fees and Taxes|Part 2 - Taxes|§ 56-4-217. Credit Against Franchise and Excise Taxes

  The amount of the premium taxes collected under §§ 56-4-201 — 56-4-214 shall be a single credit against the sum total of the taxes imposed by the Franchise Tax Law, compiled in title 67, chapter 4, part 21, and by the Excise Tax Law, compiled in title 67, chapter 4, part 20.   For tax years beginning on or after December 15, 2002, the excise tax imposed by title 67, chapter 4, part 20, and the franchise tax imposed by title 67, chapter 4, part 21, shall no longer be applicable to insurance companies, as defined in § 56-1-102.
TN Code § 56-4-219 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 4 - Fees and Taxes|Part 2 - Taxes|§ 56-4-219. Refund of Erroneously Paid Taxes

  With respect to any revenues or receipts collected by the department, any other law to the contrary notwithstanding, the amounts determined to have been erroneously paid may be refunded by the procedure developed by the commissioner of finance and administration and approved by the comptroller of the treasury.   The procedure shall provide that no refund shall be made unless within three (3) years from December 31 of the year in which the erroneous payment was made the refund is either requested by the claimant or made by the state on its own motion. A refund of taxes that is based solely on a final court adjudication shall not be made to any person that is not either a party to the action or a party to another similar action brought pursuant to title 67, chapter 1, part 9. The decision of the appropriate state official with respect to any refund request shall be final and not subject to review in accordance with the Uniform Administrative Procedures Act, compiled in title 4, chapter 5.
TN Code § 56-4-220 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 4 - Fees and Taxes|Part 2 - Taxes|§ 56-4-220. Exemption of Life Insurance and Annuity Premiums

  The rate of taxation shall be zero (0) on all premiums or considerations under life insurance policies or annuity contracts issued in connection with any pension plan, annuity plan or profit-sharing plan qualified for federal income tax advantages under the Internal Revenue Code of 1954, part I, subchapter D, subtitle A (26 U.S.C. § 401 et seq.), or to any trust qualified for income tax advantages under the Internal Revenue Code of 1954, § 501(a) (26 U.S.C. § 501(a)).   This section is declared to be remedial in nature and to that end shall apply to all such life insurance policies, annuity contracts or trusts occurring on or after January 1, 1988.
TN Code § 56-4-221 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 4 - Fees and Taxes|Part 2 - Taxes|§ 56-4-221. In-State Insurance Companies — Reinsurance Agreements With Insurance Company Affiliates

  An in-state insurance company that has an insurance company affiliate may enter into reinsurance agreements with the affiliate, pursuant to which the tax imposed on gross premiums under § 56-4-205 is allocated from the ceding company to the reinsuring company. The reinsurance agreements shall be effective to enable the reinsuring company to use the premium tax liability so allocated as a credit under § 56-4-217; provided, that the ceding company may not use as a credit under § 56-4-217 any tax liability allocated by the ceding company to the reinsuring company. No allocation of premium tax liability as described in this section shall relieve the ceding company from responsibility for payment of the full premium tax on insurance business written in this state and for the filing of sworn returns in accordance with this section. Nothing in this section shall result in a reduction of the premium tax and franchise and excise tax liability of the ceding company from that which would have been imposed in the absence of this section.   As used in this section:  “In-state insurance company” means an insurance company:  Having its principal place of business in this state; and   That does not transact insurance business in any other state; and     “Insurance company affiliate” means a corporation:  Authorized to conduct insurance business in this state after March 19, 1991;   That does not transact insurance business in any other state; and   Fifty percent (50%) or more of the voting stock of which is directly or indirectly controlled by, or under common control with, an in-state insurance company.
TN Code § 56-4-301 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 4 - Fees and Taxes|Part 3 - Investment Companies|§ 56-4-301. Tax Imposed

  Every corporation, company, partnership, or individual writing, issuing, servicing and/or collecting installments on contracts now being written or issued or contracts heretofore written, issued and sold in this state, commonly known as income reserve contracts, installment investment trusts, including investors' syndicates, investment associations and the like, each of which is called an “investment company” in this part, or which corporation, company, partnership, or individual is engaged in servicing contracts now being issued or heretofore issued or collecting installments on the contracts, shall be deemed to be engaged in a business declared to be a privilege; and for the purpose of providing revenue for the state, there shall be levied against and collected from each investment company a special tax measured by gross profits or income, as defined in § 56-4-305, of the investment company or that portion of the gross profits or income as shall be allocated to the state, as provided in this part.   Notwithstanding subsection (a), no tax under this part shall be imposed on any person registered as a broker or a dealer under §§ 3(a)(4) or (5) of the Securities Exchange Act of 1934 (15 U.S.C. § 78c(a)(4) or (a)(5)), regardless of any related or incidental activities carried on by the person in connection with its business as a broker or a dealer.
TN Code § 56-4-302 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 4 - Fees and Taxes|Part 3 - Investment Companies|§ 56-4-302. Nature of Tax — Exemption From Other Taxes

  The business declared in this part to be a privilege is for state purposes only and taxable as a privilege by the state alone, and no county or municipality may impose any tax upon the privilege, or upon the privilege of conducting business or acting as agent or representative of any investment company, as defined in §§ 56-4-301 and 56-4-303.    The tax provided in this part shall be in lieu of and substituted for any and all other taxes heretofore imposed by any law, general or special, against or on the investment companies, as defined in §§ 56-4-301 and 56-4-303, except ad valorem taxes upon real estate and tangible personal property owned by the investment companies and located in the state.   The exemption from other taxes shall include all other privilege taxes, such as taxes upon or for the use of the franchise, capital, notes, reserves, surpluses, loans, accounts and other income and profits of the investment companies. The members, shareholders, account holders, certificate holders, or contract holders are exempt from any and all privilege taxes and income taxes imposed by any law now on the statute books, upon profits, dividends, interest or income in the nature of profits, dividends, or interest received from the investment company.     Nothing in this section shall be construed to provide an exemption from the sales and use tax imposed by title 67, chapter 6.
TN Code § 56-4-303 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 4 - Fees and Taxes|Part 3 - Investment Companies|§ 56-4-303. Business Within State

  Each investment company issuing its certificates, investment contracts, income reserve contracts, or instruments of like nature, pursuant to applications or orders for certificates, investment contracts, income reserve contracts, or instruments of like nature, solicited within the state, shall be deemed to be engaged in business within the state, and shall be subject to the terms and provisions of this part.   Each investment company issuing certificates, investment contracts, income reserve contracts, or instruments of like nature that are delivered in the state shall be deemed to be engaged in business within the state, and shall be subject to the terms and provisions of this part.   Each investment company engaged in the business of writing, issuing and/or servicing or collecting installments upon the investment contracts, being issued in this state or heretofore issued, shall be subject to the terms and provisions of this part.
TN Code § 56-4-304 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 4 - Fees and Taxes|Part 3 - Investment Companies|§ 56-4-304. Rate of Tax

  Each investment company, as defined in §§ 56-4-301 and 56-4-303, shall pay annually to the commissioner of revenue the tax provided under this part, which tax shall be measured as to each investment company engaged in business wholly within this state, by the entire gross profits or income of the investment company during the year for which the tax is payable; and as to each investment company engaged in business or operating partly within and partly without the state, the tax shall be measured by the portion of the gross profits or income of the investment company allocated to the state, as provided in § 56-4-306.   The tax as to each investment company engaged in business or operating wholly within the state shall be an amount equivalent to two percent (2%) of the aggregate or total of the gross profits or income of the investment company, and as to each investment company engaged in business or operating partly within and partly without the state, the tax shall be an amount equivalent to two percent (2%) of the portion of the aggregate or total of the gross profits or income of the investment company allocated to this state, as provided in § 56-4-306.
TN Code § 56-4-305 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 4 - Fees and Taxes|Part 3 - Investment Companies|§ 56-4-305. “Gross Profits or Income” Defined

  “Gross profits or income,” as used in this part, means gross income from all sources, except as provided in subsection (b), including income on tax exempt securities, loans, dividends and interest on stocks, bonds or other investments, plus net rentals on real estate, less the net amount of tax paid by the investment company on its tangible assets wherever located; provided, that there shall not be included in gross profits or income any principal of loans, any premiums, service fees, or receipts from members, certificate holders or contract holders, other than interest on contract loans; and provided, further, that there shall not be included in gross profits or income interest earned but uncollected that is not more than ninety (90) days past due, and interest that is more than ninety (90) days past due shall likewise not be included in gross profits or income, unless the interest more than ninety (90) days past due has been capitalized.   Nothing in this part shall be construed so as to include among the gross profits or income, exempt-interest dividends from a regulated investment company qualified under the Internal Revenue Code, subchapter M, chapter 1, subtitle A (26 U.S.C. §§ 851-858); provided, that not less than seventy-five percent (75%) of the value of the investments of the regulated investment company shall be in bonds of the state, or any county or municipality or political subdivision thereof, including any agency, board, authority or commission of any of the above.
TN Code § 56-4-306 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 4 - Fees and Taxes|Part 3 - Investment Companies|§ 56-4-306. Allocation — Companies Doing Business Outside State

 The portion of the gross profits or income of the investment company to be allocated to the state where the investment company is engaged in business or operating partly within and partly without the state shall be the proportion of the gross profits or income of the investment company determined by dividing the gross amount received, during the year for which the tax is payable, from members, certificate holders or contract holders of the investment company who reside within the state, by the gross amount received during the year from all the members, certificate holders or contract holders, as the case may be, of the investment company, whether the members, certificate holders or contract holders reside within or without this state.
TN Code § 56-4-307 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 4 - Fees and Taxes|Part 3 - Investment Companies|§ 56-4-307. Annual Report — Fiscal Year — Annual Return

  An annual report shall be filed with the commissioner on or before the first day of the fourth month following the close of the investment company's fiscal year.   The close of the investment company's fiscal year for purposes of this part shall coincide with the close of the investment company's fiscal year for federal income tax purposes.   The annual return shall be sworn and shall be made on forms prepared and furnished by the commissioner showing the total or aggregate gross income or profits as defined in § 56-4-305, and showing appropriate figures necessary to determine what portion of gross profits or income shall be allocated to the state.
TN Code § 56-4-308 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 4 - Fees and Taxes|Part 3 - Investment Companies|§ 56-4-308. Powers of Commissioner — Failure to File Return or Filing False Return

  The commissioner is vested with the following powers:  To examine at the expense of the investment company, subject to this part, the books and records, for the purpose of determining the amount of taxes due, in the event of the failure of the investment company to make its return or for the purpose of verifying or correcting any return made; and   To issue distress warrants for the collection of any tax due and unpaid, or to institute suit in the courts of law or chancery, for the use and benefit of the state.     Upon the failure or refusal of any investment company subject to this part to file a return or upon the filing of a false return, the investment company shall thereafter be estopped to dispute the accuracy of the assessment made by the commissioner.
TN Code § 56-4-309 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 4 - Fees and Taxes|Part 3 - Investment Companies|§ 56-4-309. Disposition of Revenue

 The net amount of all taxes collected under this part shall be payable by the commissioner to the state treasurer, and shall become part of the general funds of the state.
TN Code § 56-4-401 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 4 - Fees and Taxes|Part 4 - Production Credit Associations|§ 56-4-401. “Production Credit Association” Defined — Associations Subject to Tax

 As used in this part, unless the context otherwise requires, “production credit association” means a corporation organized and chartered pursuant to § 20 of the Farm Credit Act of 1933, Act June 16, 1933, ch. 98, § 20, 48 Stat. 259, engaged in business in this state, and not exempt by virtue of the laws of the United States from taxation by this state.
TN Code § 56-4-402 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 4 - Fees and Taxes|Part 4 - Production Credit Associations|§ 56-4-402. Nature of Tax — Exemption From Other Taxes

  The business declared to be taxable in this part is for state purposes only and taxable by the state alone and no county or municipality may impose any taxes upon the business, except ad valorem taxes upon real estate and tangible personal property owned by the production credit association.   The tax shall be in lieu of, and in substitution for, any and all other taxes levied against or on the association, except ad valorem taxes upon real estate and tangible personal property owned by the association.   Nothing in this section shall be construed to provide an exemption from the sales and use tax imposed by title 67, chapter 6.
TN Code § 56-4-403 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 4 - Fees and Taxes|Part 4 - Production Credit Associations|§ 56-4-403. Tax Imposed — Computation

  Each production credit association shall pay annually to the commissioner of revenue the specified privilege tax provided under this part, which tax is to be measured by the income of the association, and shall be computed at the rate of three and three fourths percent (3.75%) of the net receipts of the association.    Net receipts shall be computed on an accrual basis and are defined to be the gross receipts from the following sources:  Interest on loans;   Loan service fees;   Interest on securities unless by law otherwise tax exempt;   Compensation or fees or services performed;   Capital gains from the sale of real and personal property; and   Other receipts; LESS      Patronage refunds; and   All expenses of the association, which expenses shall include, in addition to the usual and normal expenses of operation:   (a)  Bad debts charged off; or  (i)  (a)  Bad debts charged off; or   Annual additions for valuation reserves against loan assets in an amount equal to one half of one percent (0.5%) of the loans outstanding at the end of the fiscal year, to the extent that earnings in the year in excess of other operating expenses permit, until the reserves are equal to, but are not in excess of, three and one half percent (3.5%) of loans outstanding at the end of the fiscal year, whichever sum is greater;     Interest paid or accrued;   Legal recording and abstract fees;   Depreciation on capital assets;   Federal, county and city taxes paid or accrued;   Operating expenses on acquired property;   Capital losses; and   Other ordinary and necessary items of expense.
TN Code § 56-4-404 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 4 - Fees and Taxes|Part 4 - Production Credit Associations|§ 56-4-404. Levy and Payment Dates

  The annual tax to be levied and collected under this part shall be levied as of December 31 in each and every year, and shall be due and payable by not later than March 1 in each and every year.   On or before March 1 in each and every year, each association shall make a sworn return to the commissioner, showing the taxable income of the association, as defined in § 56-4-402.
TN Code § 56-4-405 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 4 - Fees and Taxes|Part 4 - Production Credit Associations|§ 56-4-405. Powers of Commissioner — Failure or Refusal to File a Return, Filing a False and Fraudulent Return

  The commissioner is vested with the following powers:  To examine the books and records of the production credit association for the purpose of determining the amount of taxes due, in the event of the failure of the association to make its return or for the purpose of verifying or correcting any return made; and   To issue distress warrants for the collection of any taxes due and unpaid or to institute suit in the courts of law or chancery, for the use and benefit of the state; and     Upon the failure or refusal of any association to file a return, or upon the filing of a false and fraudulent return, the association shall thereafter be estopped to dispute the accuracy of the assessment made by the commissioner.
TN Code § 56-4-406 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 4 - Fees and Taxes|Part 4 - Production Credit Associations|§ 56-4-406. Disposition of Revenue

 The net amount of all taxes collected under this part shall be payable by the commissioner to the state treasurer, and shall become part of the general funds of the state.
TN Code § 56-5-101 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 5 - Rates and Rating Organizations|Part 1 - General Provisions|§ 56-5-101. Application of Part

 This part applies to all kinds of insurance written on risks in this state by any insurer authorized to do business in this state, except:   Life insurance;   Annuities;   Disability insurance;   Ocean marine insurance;   Reinsurance;   Aircraft liability and aircraft hull insurance;   Title insurance;   Credit life insurance; and   Credit accident and health insurance.
TN Code § 56-5-103 (2021)
2021 Tennessee Code|Title 56 - Insurance|Chapter 5 - Rates and Rating Organizations|Part 1 - General Provisions|§ 56-5-103. Standards

  General.  Rates:  Shall not be excessive, inadequate or unfairly discriminatory; or   In the case of an advisory prospective loss costs filing, shall reasonably reflect projected losses and loss adjustment expenses.     Excessiveness.  A rate is excessive if it is likely to produce a profit that is unreasonably high for the insurance provided or if the expense provision included in the rate is unreasonably high in relation to the services rendered.   Inadequacy.  A rate is not inadequate unless the rate is clearly insufficient to sustain projected losses and expenses in the class of business to which it applies and the use of the rate has or, if continued, will have the effect of substantially lessening competition or the tendency to create a monopoly.   Unfair Discrimination.  Unfair discrimination exists if, after allowing for practical limitations, price differentials fail to reflect equitably the differences in expected losses and expenses. A rate is not unfairly discriminatory because different premiums result for policyholders with like loss exposures with different expenses, or like expenses but different loss exposures, so long as the rate reflects the differences with reasonable accuracy.