Natural Gas Franchise
Revenue Class: Local Taxes
Fund: General
Account No.: 31911
Description: Municipalities can impose a franchise fee and other conditions upon the operation of a gas company within their corporate limits.
Authorization: T.C.A. § 6-54-109; T.C.A. § 65-4-107
Requirements or Restrictions: The franchise agreement is subject to the approval of the Tennessee Regulatory Authority. T.C.A. § 65-4-107. The franchise agreement is passed by municipal ordinance.
Current Rate: Varies; there is no maximum franchise fee.
Frequency of Payment: Annually.
Late Pay Penalty: N/A
Exemptions: N/A
Collection: N/A
Use Restrictions: N/A