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UCC Frequently Asked Questions | Tennessee Secretary of State
Example #1: A UCC1 states that the maximum amount of indebtedness for Tennessee recording tax purposes is $1,500.00. Since the first $2,000.00 of indebtedness on a financing statement is exempt, no recording tax is due. Example #2: A UCC1 states that the maximum amount of indebtedness for Tennessee recording tax purposes is $25,000.00.
DA: 61 PA: 33 MOZ Rank: 13
Tennessee Mortgage Tax (Tenn. Code Ann. § 67-4-409 ...
The Tennessee Recordation Tax (also referred to as the “Indebtedness Tax” or “Mortgage Tax”) is codified at Tennessee Code Annotated § 67-4-409. This statute requires that “prior to public recordation of any instrument evidencing indebtedness” there shall be a state tax of 11.5¢ per $100 (the “Recordation Tax Formula”) of “the indebtedness so evidenced .”
DA: 9 PA: 64 MOZ Rank: 5
MAXIMUM PRINCIPAL INDEBTEDNESS FOR TENNESSEE RECORDING TAX ...
MAXIMUM PRINCIPAL INDEBTEDNESS FOR TENNESSEE RECORDING TAX PURPOSES IS ... \WPDATA\FORMS\FORMS\DOT MTG PROJECT\TN BAIL FORM 10 Rev 102414 ... at maximum its insurable value, until the Obligations have been satisfied in full, and to have loss made any payable on the policy, or policies, to for the benefit of Trustee Beneficiary as its interest ...
DA: 63 PA: 99 MOZ Rank: 55
What is the Tennessee recordation tax? – Tennessee ...
Tennessee also imposes a recordation tax on the recordation of any instrument of indebtedness (e.g., mortgage, deed of trust, lien on personalty (other than motor vehicles), etc.), with certain exceptions. This tax is 11.5 cents for every $100 of the indebtedness, but does not apply to the first $2,000 of the debt.
DA: 53 PA: 78 MOZ Rank: 25
How do you calculate the indebtedness addition to the ...
Only corporations with long-term debt owed to an affiliated corporation, or with debt guaranteed by an affiliated corporation, need to calculate the potential indebtedness addition to the franchise base. Indebtedness includes both the long-term and current portions of long-term debt with a corporate affiliate, plus any debt guarantees.
DA: 73 PA: 86 MOZ Rank: 81
Business Services Division Tre Hargett, Secretary of State ...
• The maximum principal indebtedness tax is calculated at 11.5 cents for each $100.00 of indebtedness or major fraction thereof ($50.00 or more rounds up). The first $2,000.00 is tax exempt. In order to properly record your lien amount, the full indebtedness amount must be provided. The filing wizard calculates the tax
DA: 94 PA: 31 MOZ Rank: 67
67-4-409 - Recordation tax. [Amended effective until June ...
(C) Every recorded instrument evidencing an indebtedness must contain, either on the face of the instrument or in an attached sworn statement, the following language: Maximum principal indebtedness for Tennessee recording tax purposes is $ _____ . The holder of the indebtedness shall state the amount of the indebtedness, and that amount shall ...
DA: 29 PA: 61 MOZ Rank: 60
Tennessee Code Title 67. Taxes and Licenses § 67-4-409 ...
Prior to the public recordation of any instrument evidencing an indebtedness, including, but not limited to, mortgages, deeds of trust, conditional sales contracts, financing statements contemplated by the Uniform Commercial Code, compiled in title 47, and liens on personalty, other than on motor vehicles, there shall be paid a tax, for state purposes only, of eleven and one half cents (11.5¢) on each one hundred dollars ($100) of the indebtedness so evidenced.
DA: 97 PA: 86 MOZ Rank: 59
Tennessee Recordation Tax - United Corporate
Example #1: A UCC1 states that the maximum amount of indebtedness for Tennessee recording tax purposes is $1,500.00. Since the first $2,000.00 of indebtedness on a financing statement is exempt, no recording tax is due.
DA: 85 PA: 25 MOZ Rank: 83
Mortgage Tax - e-Li
of the instrument or in an attached sworn statement: Maximum principal indebtedness for Tennessee recording tax purposes is $. When the collateral is located both within and outside of Tennessee, the tax is calculated according to the value of the collateral located within Tennessee as a percentage of the total value of collateral securing
DA: 11 PA: 3 MOZ Rank: 55