Tenn. Comp. R. & Regs. 1320-05-01-.08 - CONTRACTOR-DEALERS
(1) Contractors and sub-contractors engaged
in the business of erecting, building or otherwise improving, altering and
repairing real property for others, and also engaged in the business of selling
building materials and supplies to other contractors, consumers, and users, and
who may not be able to segregate that portion of the materials and supplies
that they will use or consume in the fulfillment of their contracts from that
portion of the materials and supplies that they will sell at retail, may give a
resale certificate to the seller of the materials and supplies.
(2) Contractor-dealers making sales of
tangible personal property shall report all sales made, and all withdrawals
from inventory for use as a contractor each month, and pay any applicable Sales
or Use Tax due. Any withdrawal from inventory for use as a contractor shall be
reported and the tax due thereon shall be paid with the return for the location
of the inventory, regardless of the place of use, either in or out of the
state.
(3) Suppliers making sales
of materials and supplies to contractor-dealers and delivering such materials
and supplies to a job site for use, or tagging or marking particular materials
and supplies for a particular job being performed by the contractor-dealer,
shall collect the applicable Sales or Use Tax on those sales.
Notes
Authority: T.C.A. ยงยง 67-1-102 and 67-6-402.
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