Monthly distribution of collected taxes — Deduction of administrative fee

Tenn. Code Ann. § 67-4-1506, under Short-Term Rental Unit Marketplace Tax.

Tenn. Code Ann. § 67-4-1506

The department shall distribute the taxes collected pursuant to this part on a monthly basis to the applicable local governing body in which the short-term rental unit was located and for which the tax was collected. The department may deduct an administration fee of seventy-five hundredths percent (0.75%) of the collected tax to cover its expenses of administering the collection and distribution of the tax.