Tennessee Code Title 67. Taxes and Licenses § 67-4-2910

(1) At the time of application for a building permit for development, the municipal or county official issuing the permit shall compute the estimated tax liability for the county school facilities privilege tax, based upon the proposed square footage of the facility to be built and the current rate of the county's school facilities privilege tax.   As a condition of receiving the permit, the applicant shall sign a form indicating that the applicant recognizes the liability for the tax.  The official shall keep one (1) copy of the form for the official's records and shall provide a copy to the applicant.  If the permit is issued by a municipal building official, the official shall also forward a copy of the form within thirty (30) days of the issuance of the building permit to the county official or employee who has been designated by the county legislative body to collect the tax.  As an alternative, the county and any municipality within the county may provide by interlocal agreement for the municipal building official to be designated as a collector of the tax and provide for a commission to be paid to the municipality for such services;

(2) Deleted by 2024 Pub.Acts, c. 990, § 7, eff. May 21, 2024.

(3) Deleted by 2024 Pub.Acts, c. 990, § 7, eff. May 21, 2024.

(4) Once it becomes due, the tax shall be paid to the official or officials designated by the county governing body to collect the tax.  At the time of payment, the official shall review the tax liability to determine whether the square footage of the completed building or structure corresponds to the initial estimated square footage in the building permit.  The tax shall be computed using the actual square footage of the completed building or structure, but the rate of the tax shall be based upon the rate applicable at the time the permit was issued;

(5) The revenue from the tax shall be paid over to the county trustee within thirty (30) days for deposit, in accordance with § 67-4-2911.