Amends TCA Section 67-4-409.
Present law entitles county registers to retain as commission 5 percent of the recordation taxes they collected in exchange for collecting and reporting such taxes. However, 52 percent of the 5 percent commission must be remitted to the state treasurer and credited to the general fund of the state. <br /> <br /> This bill entitles county registers to retain the entire 5 percent commission on recordation taxes collected.<br /> <br />
Present law entitles county registers to retain as commission 5 percent of the recordation taxes they collected in exchange for collecting and reporting such taxes. However, 52 percent of the 5 percent commission must be remitted to the state treasurer and credited to the general fund of the state. <br /> <br /> This bill entitles county registers to retain the entire 5 percent commission on recordation taxes collected.<br /> <br />
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