# Tenn. Code Ann. § 45-2-104: Equality of taxation

> Tennessee · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C2_S45-2-104

## Section

- **Citation:** Tenn. Code Ann. § 45-2-104
- **Heading:** Equality of taxation
- **Jurisdiction:** Tennessee
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TN Code / Title 45 / Chapter 2 / Section 45-2-104

## Text

Except for taxes on property and the banking fees provided by law, no tax levied by this state, whether privilege, excise, franchise, sales or otherwise, shall be levied upon or be applicable to any bank chartered under the laws of this state, unless and until the same tax may be legally levied upon and be applicable to national banks in this state, in which case the tax shall be levied upon and be applicable to all the state and national banks. Acts 1969, ch. 36, § 1 (3.701); T.C.A., § 45-233.
Except for taxes on property and the banking fees provided by law, no tax levied by this state, whether privilege, excise, franchise, sales or otherwise, shall be levied upon or be applicable to any bank chartered under the laws of this state, unless and until the same tax may be legally levied upon and be applicable to national banks in this state, in which case the tax shall be levied upon and be applicable to all the state and national banks.
Acts 1969, ch. 36, § 1 (3.701); T.C.A., § 45-233.

## Nearby sections

- [Tenn. Code Ann. § 45-2-103 Changes affecting bank control](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C2_S45-2-103.md)
- [Tenn. Code Ann. § 45-2-104 Equality of taxation](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C2_S45-2-104.md)
- [Tenn. Code Ann. § 45-2-105 Exemption of nonprofit general welfare corporations](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C2_S45-2-105.md)
- [Tenn. Code Ann. § 45-2-106 Provisions applicable to savings and loan associations and savings banks - Conflicting laws](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C2_S45-2-106.md)
- [Tenn. Code Ann. § 45-2-107 Acquisition, formation or control of banks and savings institutions](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C2_S45-2-107.md)
- [Tenn. Code Ann. § 45-2-201 Incorporators - Applicant requirements](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C2_S45-2-201.md)
- [Tenn. Code Ann. § 45-2-202 Notice of intention - Request for issuance of charter - Approval or nonapproval of notice of intention or request for issuance of charter and accompanying documents - Notice - Filing - Restriction on acceptance of shares of capital stock until notice of approval received](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C2_S45-2-202.md)
- [Tenn. Code Ann. § 45-2-203 Organizational expenses](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C2_S45-2-203.md)
- [Tenn. Code Ann. § 45-2-204 Application for charter - Acceptance, nonacceptance and filing of application - Notice to other banks - Formation of interim bank](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C2_S45-2-204.md)
- [Tenn. Code Ann. § 45-2-205 Examination of application for charter - Factors considered](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C2_S45-2-205.md)
- [Tenn. Code Ann. § 45-2-206 Subscription calls](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C2_S45-2-206.md)
- [Tenn. Code Ann. § 45-2-207 Capital structure](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C2_S45-2-207.md)
- [Tenn. Code Ann. § 45-2-208 Capital notes and debentures](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C2_S45-2-208.md)
- [Tenn. Code Ann. § 45-2-211 Indemnification of officers, directors or employees](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C2_S45-2-211.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C2_S45-2-104. Check the current official text before relying on it. Not legal advice.