SB0131 - Tennessee: Agriculture, Cooperatives, Taxes, Exemption And Credits, Taxes, Sales

Companion Bill HB0083. Taxes, Sales - Exempts from sales taxes farm products that are marketed and sold directly by farmers to consumers via a nonprofit online farmers' market, provided that an amount equal to the consumer's full purchase price is transmitted by the online farmers' market to the producing farmer and that the cooperative or other organizing body of the online farmers' market levies no fee or charge for facilitating the transaction other than booth rental fees assessed on participating farmers. - Amends TCA Title 67, Chapter 6, Part 3. Fiscal Summary for *SB0131 / HB0083Decrease State Revenues - $15,000 Decrease Local Govt. Revenues - $4,800 Bill Summary for *SB0131 / HB0083 Under present law, the gross proceeds that farmers and nurserymen derive from in-state sales of farm or nursery products that are grown or produced by [...]

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