56-4-212 - Period covered by payments.
56-4-212. Period covered by payments.
The taxes imposed under this part shall be for the privilege of transacting business for each six-month period commencing January 1 and July 1 of each year, but shall be measured by the gross premiums and consideration received by the respective companies during the six-month period immediately preceding.
[Acts 1945, ch. 3, § 8; C. Supp. 1950, § 1248.48 (Williams, § 1248.176); modified; T.C.A. (orig. ed), § 56-416.]