# Tenn. Code Ann. § 67-2-102: Imposition, rate and collection of tax

> Tennessee · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TN_T67_C2_S67-2-102

## Section

- **Citation:** Tenn. Code Ann. § 67-2-102
- **Heading:** Imposition, rate and collection of tax
- **Jurisdiction:** Tennessee
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TN Code / Title 67 / Chapter 2 / Section 67-2-102

## Text

An income tax shall be levied and collected annually on incomes derived by way of dividends from stocks or by way of interest on bonds of each person, partnership, association, trust and corporation in this state who received, or to whom accrued, or to whom was credited during any year income from the sources enumerated in this section, except as otherwise provided in this chapter. The rate of the tax imposed by this chapter shall be: (1) For any tax year that begins on or after January 1, 2017, and prior to January 1, 2018, four percent (4%); (2) For any tax year that begins on or after January 1, 2018, and prior to January 1, 2019, three percent (3%); (3) For any tax year that begins on or after January 1, 2019, and prior to January 1, 2020, two percent (2%); (4) For any tax year that begins on or after January 1, 2020, and prior to January 1, 2021, one percent (1%); and (5) For any tax year that begins on or after January 1, 2021, and for subsequent tax years, zero percent (0%). Amended by 2017 Tenn. Acts, ch. 181, s 13, eff. 4/26/2017. Amended by 2016 Tenn. Acts, ch. 1064, s 1, eff. 5/20/2016. Acts 1931 (2nd Ex. Sess.), ch. 20, § 1; 1937, ch. 117, § 1; 1937, ch. 297, § 1; C. Supp. 1950, § 1123.1; modified; Acts 1967, ch. 176, § 2; T.C.A. (orig. ed.), §§ 67-2602, 67-2603; Acts 1985, ch. 395, § 2.
An income tax shall be levied and collected annually on incomes derived by way of dividends from stocks or by way of interest on bonds of each person, partnership, association, trust and corporation in this state who received, or to whom accrued, or to whom was credited during any year income from the sources enumerated in this section, except as otherwise provided in this chapter. The rate of the tax imposed by this chapter shall be:
(1) For any tax year that begins on or after January 1, 2017, and prior to January 1, 2018, four percent (4%);
(2) For any tax year that begins on or after January 1, 2018, and prior to January 1, 2019, three percent (3%);
(3) For any tax year that begins on or after January 1, 2019, and prior to January 1, 2020, two percent (2%);
(4) For any tax year that begins on or after January 1, 2020, and prior to January 1, 2021, one percent (1%); and
(5) For any tax year that begins on or after January 1, 2021, and for subsequent tax years, zero percent (0%).
Amended by 2017 Tenn. Acts, ch. 181, s 13, eff. 4/26/2017.
Amended by 2016 Tenn. Acts, ch. 1064, s 1, eff. 5/20/2016.
Acts 1931 (2nd Ex. Sess.), ch. 20, § 1; 1937, ch. 117, § 1; 1937, ch. 297, § 1; C. Supp. 1950, § 1123.1; modified; Acts 1967, ch. 176, § 2; T.C.A. (orig. ed.), §§ 67-2602, 67-2603; Acts 1985, ch. 395, § 2.

## Nearby sections

- [Tenn. Code Ann. § 67-2-101 Chapter definitions](https://www.frixlaw.com/law-library/statutes/STATE_TN_T67_C2_S67-2-101.md)
- [Tenn. Code Ann. § 67-2-102 Imposition, rate and collection of tax](https://www.frixlaw.com/law-library/statutes/STATE_TN_T67_C2_S67-2-102.md)
- [Tenn. Code Ann. § 67-2-103 Tax for state purposes only](https://www.frixlaw.com/law-library/statutes/STATE_TN_T67_C2_S67-2-103.md)
- [Tenn. Code Ann. § 67-2-104 Exemptions](https://www.frixlaw.com/law-library/statutes/STATE_TN_T67_C2_S67-2-104.md)
- [Tenn. Code Ann. § 67-2-105 Back assessments prohibited](https://www.frixlaw.com/law-library/statutes/STATE_TN_T67_C2_S67-2-105.md)
- [Tenn. Code Ann. § 67-2-107 Returns generally](https://www.frixlaw.com/law-library/statutes/STATE_TN_T67_C2_S67-2-107.md)
- [Tenn. Code Ann. § 67-2-108 Confidentiality of returns](https://www.frixlaw.com/law-library/statutes/STATE_TN_T67_C2_S67-2-108.md)
- [Tenn. Code Ann. § 67-2-109 Brokers - Liability for return and tax](https://www.frixlaw.com/law-library/statutes/STATE_TN_T67_C2_S67-2-109.md)
- [Tenn. Code Ann. § 67-2-110 Fiduciaries - Liability for return and tax](https://www.frixlaw.com/law-library/statutes/STATE_TN_T67_C2_S67-2-110.md)
- [Tenn. Code Ann. § 67-2-111 Foreign trust beneficiaries - Liability for return and tax](https://www.frixlaw.com/law-library/statutes/STATE_TN_T67_C2_S67-2-111.md)
- [Tenn. Code Ann. § 67-2-112 Date tax due - Member of armed forces serving during period of hostilities](https://www.frixlaw.com/law-library/statutes/STATE_TN_T67_C2_S67-2-112.md)
- [Tenn. Code Ann. § 67-2-113 Powers of commissioner - Assistants](https://www.frixlaw.com/law-library/statutes/STATE_TN_T67_C2_S67-2-113.md)
- [Tenn. Code Ann. § 67-2-114 Interest and penalties - Armed forces exclusion - Assessment or collection of tax or liability](https://www.frixlaw.com/law-library/statutes/STATE_TN_T67_C2_S67-2-114.md)
- [Tenn. Code Ann. § 67-2-115 Determination of tax by commissioner](https://www.frixlaw.com/law-library/statutes/STATE_TN_T67_C2_S67-2-115.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TN_T67_C2_S67-2-102. Check the current official text before relying on it. Not legal advice.