HB1296 - Tennessee - Taxes, Sales

Companion Bill SB1802. Taxes, Sales - Exempts sales of tangible personal property and services made by licensed wholesalers and retailers from a central warehouse or distribution point from sales and use tax. - Amends TCA Title 67, Chapter 6. Fiscal Summary for HB1296 / *SB1802Decrease State Revenues - $230,193,000 / General Fund $516,280,000 / Education Fund $36,423,000 / Earmarked to Local Govt. $2,914,000 / Department of Revenue $7,285,000 / Sinking Fund Decrease Local Govt. Revenues - $255,223,000 Bill Summary for HB1296 / *SB1802 Under present law, the sales and use tax is imposed upon a person selling tangible personal property at retail in this state. This bill specifies that sales of tangible personal property and services by a licensed wholesaler or retailer from a [...]

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