1320-03-02-.10

Tenn. Comp. R. & Regs. 1320-03-02-.10

Capital Gain Dividends

Effective Jul 28, 2003Authority: T.C.A. §§67-1-102, 67-1-102(a), and 67-2-113.Tennessee Department of Revenue

All dividends from Investment Trusts, including so-called capital gain dividends, are fully taxable whether taken in cash or additional stock.

Authority: T.C.A. §§67-1-102, 67-1-102(a), and 67-2-113. Administrative History: Original rule certified June 7, 1974. Amendment filed May 14, 2003; effective July 28, 2003.