SB1045 - Tennessee - Taxes, Exemption And Credits, Taxes, Sales

Companion Bill HB0484. Taxes, Sales - Expands sales tax holiday to first weekend in August, November, February, and May each year beginning August 2007. - Amends TCA Section 67-6-393 and Section 67-6-710. Fiscal Summary for SB1045 / *HB0484(CORRECTED) Increase State Expenditures - $9,600,000 Decrease State Revenues - $34,700,000 Bill Summary for SB1045 / *HB0484 Under present law, certain clothing, school supplies, and computers are exempt from the sales tax during the sales tax holiday weekend, between 12:01 a.m. on the first Friday of August and 11:59 p.m. the following Sunday. There is also a one-time, additional sales tax holiday weekend scheduled between 12:01 a.m. on April 27, 2007, and 11:59 p.m. on April 29, 2007. This bill designates the following times as additional sales tax holiday weekends: (1) Between [...]

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