Form Gro 209 - Gross Receipts Tax Return - Gas, Water, Electric Power, & Light Companies Page 2
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2For additional information, contact the Taxpayer Services Division in one of our Department of Revenue Offices:
Chattanooga
Nashville
Jackson
Johnson City
Memphis
Knoxville
(615) 253-0600
(423) 634-6266
(731) 423-5747
(423) 854-5321
(865) 594-6100
(901) 213-1400
Suite 350
Andrew Jackson Building
Suite 340
204 High Point Drive
3150 Appling Road
Suite 300
500 Deaderick Street
State Office Building
Lowell Thomas Building
7175 Strawberry
540 McCallie Avenue
225 Martin Luther King Blvd.
Plains Pike
Tennessee residents can also call our statewide toll free number at 1-800-342-1003.
Out-of-state callers must dial (615) 253-0600.
GENERAL REQUIREMENTS
The law governing gas, water, electric power and light companies states that:
(a) (1) Each person engaged in the business of furnishing or distributing gas, water, or electric current, whether to a dealer, consumer,
municipality or other customer, shall, for the privilege of doing such business, pay to the state for state purposes an amount equal to the
tax rate specified on the front of the return multiplied by the gross receipts derived from intrastate business in the state.
(2) Persons engaged in the business of manufacturing gas or of distributing manufactured gas or natural gas shall, in lieu of the foregoing,
pay an amount equal to the tax rate specified on the front of the return multiplied by the gross receipts derived from intrastate business
in this state, which payment shall be subject to the same provisions, restrictions and credits hereinafter provided in T.C.A. §67-4-405.
(b) This tax does not apply to cities or other political subdivisions of the state owning and operating gas companies, water companies or power
plants, nor does it apply to any governmental agency of the United States.
(c) The gross receipts tax is levied for the privilege of engaging in intrastate commerce carried on wholly within this state and not a part of interstate
commerce.
(d) A credit is allowed against the gross receipts tax for the franchise and excise taxes paid by gas, water, and electric companies during the calendar
year in which the gross receipts tax becomes due.
(e) The tax hereby imposed shall be administered and collected in accordance with T.C.A. §67-4-301 et seq.
(f) Each person engaged in the business of furnishing or distributing electric current or water shall be exempt from the above tax upon gross
receipts up to the amount of five thousand dollars ($5,000).
DELINQUENT FILING - (PENALTY AND INTEREST)
Unless this return and tax are mailed to the Department of Revenue on or before August 1 or the 10th day of the following month
(if filing monthly), penalty & interest will be assessed as required by §67-1-804 T.C.A.
INSTRUCTIONS
Lines 8 & 9 - Total credit cannot exceed line 7. A credit is allowed for franchise and excise taxes paid when final reports of both gross receipts
taxes and franchise and excise taxes have been filed covering the corresponding tax base period. Additional instructions for these
lines are available upon request.
Line 15 - Taxpayers who file the return and make the first quarterly payment on or before August 1st have the option of paying the balance in three
equal additional installments: Nov. 1, Feb. 1, and May 1. However, such quarterly payments made after August 1st shall bear interest
on each such payment at the effective rate per annum from August 1 to date of payment. Anyone who elects the above option will receive
quarterly installment coupons by a separate mailing.
NOTICE TO TAXPAYER
If quarterly installments are not paid by the due date, penalty will be assessed for late payment at the rate of 5% of the installment
for each 30 days (or portion thereof) that the installment remains unpaid subsequent to the due date, up to a maximum of 25%.
This return shall be accompanied by schedule listing of total gross receipts derived from interstate business, intrastate business,
sale of appliances, water taps, pole rentals, and other sources fully identified.
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