Revenue Class: Licenses and Permits
Account No.: 32610
Description: Revenue received from the sale of building permits and builder and contractor licenses. Municipalities are authorized and empowered to enact laws or ordinances to safeguard and protect the home owner or prospective home owner, commercial property owner or assembly building property owner by requiring the licensing of the residential, commercial or assembly builders and residential, commercial and assembly maintenance and alteration contractors.
Authorization: T.C.A. § 6-54-501 et seq.; T.C.A. § 7-62-101 et seq.; T.C.A. § 7-62-201 et seq.
Requirements or Restrictions: City cannot issue more than 10 active building permits at one time to an unlicensed contractor. T.C.A. § 7-62-202 (b). Unlicensed contractors are required to post a cash bond with the city for a period of at least two years. T.C.A. § 7-62-203.
Current Rate: Varies.
Frequency of Payment: Upon issuance of permit.
Late Pay Penalty: N/A
Use Restrictions: None.