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Latest Update: Wednesday, July, 23rd 2008

Companion Bill HB2441. Taxes, Sales - Exempts from sales and use tax book sales by nonprofit public library support organizations, if the proceeds of such sales are dedicated to public library use. - Amends TCA Title 67, Chapter 6. Fiscal Summary for SB2545 / *HB2441(CORRECTED) Decrease State Revenue - $52,400 Foregone State Revenue - Exceeds $58,900 Increase State Expenditures - $5,000 / One-Time Decrease Local Revenue - $16,800 Foregone Local Revenue - Exceeds $18,900 Bill Summary for SB2545 / *HB2441 This amendment exempts book sales by nonprofit public library support organizations from sales and use tax, if the proceeds of such sales are dedicated to public library use. In order to be eligible for the sales tax exemption, a nonprofit public library support organization must first obtain an exemption certificate from the commissioner [...]

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Latest Actions
  • 05/06/2008 - Action Deferred in Senate Finance, Ways and Means Comm. to 5/13/2008
  • 04/15/2008 - Action Deferred in Senate Finance, Ways and Means Comm. to final Calendar
  • 04/10/2008 - Placed on Senate Finance, Ways and Means Comm. Calendar for 04/15/2008
  • 04/01/2008 - Action Deferred in Senate Finance, Ways and Means Comm. to 4/8/2008
  • 03/26/2008 - Placed on Senate Finance, Ways and Means Comm. Calendar for 04/01/2008

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Bill Text
File name Last Updated
SB2545 Bill Text PDF01/08/2008

Fiscal Notes
File name Last Updated
SB2545 Fiscal Notes PDF02/01/2008