WHEREAS, the General Assembly has, in Tennessee Code Annotated, Section 67-4-704, declared that counties may levy a privilege tax upon the making of sales by engaging in any vocation, occupation, business or business activity enumerated, described or referred to in Tennessee Code Annotated, Section 67-4-708(1) through (3) or the engaging in any vocation, occupation, business or business activity enumerated, described or referred to in Tennessee Code Annotated, Section 67-4-708(4), in the county in which such business, business activity, vocation or occupation is carried on, not to exceed the rate fixed and established for such in Tennessee Code Annotated, Section 67-4-709; and,
WHEREAS, _______________ County is in need of additional revenue; and,
WHEREAS, it is necessary that the governing body of ________________ County adopt such tax (the "Business Tax") by resolution of its county legislative body;
NOW, THEREFORE BE IT RESOLVED by the county legislative body of _______________ County meeting in ________ session this ____ day of _______________, 20___, that:
SECTION 1. A business tax is hereby levied in an amount equal to the maximum amount allowable by state law and administered under the same terms and conditions regarding collection and time for payments as the state business tax.
SECTION 2. The proceeds of such business tax, after remitting the amount required by Tennessee Code Annotated, Section 67-4-724 to the state, shall be payable to the county general fund.
SECTION 3. This resolution shall take effect upon adoption, the public welfare requiring it.
Adopted this _________ day of _____________, 20___.
County Executive County Clerk