Section 0600-11-.13 - QUESTIONNAIRES AND REPORTING SCHEDULES(1) When necessary, the Assessor may send operators and/or other holders of mineral interests annual questionnaires and/or reporting schedules designed to obtain information necessary to identify and appraise mineral reserves.(2) In the event an operator or holder of a mineral interest fails to complete and return a questionnaire or reporting schedule after a reasonable opportunity to do so, the Assessor may either (a) assume the prior year's operating history is representative of future years' production; or (b) make any necessary estimates based upon available market data and the operating history of similar mines and/or wells.(3) The Assessor's estimates shall be presumed indicative of market rates and the resulting market value absent evidence from the Taxpayer supporting different assumptions for the particular reserves being appraised. In order to rebut the presumption, the Taxpayer must provide the information requested in the questionnaire and/or reporting schedule that was not completed and returned. Mere criticism of the Assessor's estimates is not sufficient by itself to overcome the presumption of correctness.Tenn. Comp. R. & Regs. 0600-11-.13
Original rule filed April 25, 2017; effective 7/24/2017.Authority: T.C.A. §§ 67-1-305 and 67-5-303.