HB3269 - Tennessee - Education, Taxes, Exemption And Credits, Taxes, Sales

Companion Bill SB3556. Taxes, Exemption and Credits - Exempts school support organizations from sales and use taxes under certain circumstances. - Amends TCA Title 67, Chapter 6. Fiscal Summary for *HB3269 / SB3556(CORRECTED) Decrease State Revenue - $982,800 Decrease Local Revenue - $315,900 Bill Summary for *HB3269 / SB3556 Under present law, "school support organization" is defined as any nongovernmental organization or group of persons whose primary purpose is to support a school district, school, school club, or academic, arts, athletic, or social activities related to a school, that collects or receives money, materials, property or securities from students, parents, or members of the general public. Present law generally requires school support organizations to operate pursuant to local fundraising policies, spend all of the [...]

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