HB3459 - Tennessee - Taxes, Sales

Companion Bill SB3637. Taxes, Sales - Permits nonprofit organizations, other than volunteer fire departments, and public schools to conduct three fundraising events per calendar year in which the sale of tangible personal property is exempt from sales tax. - Amends TCA Section 67-6-102. Fiscal Summary for HB3459 / *SB3637(CORRECTED) Decrease State Revenue - $846,100 Decrease Local Revenue - $272,000 Bill Summary for HB3459 / *SB3637 Present law exempts from the sales tax, occasional and isolated sales or transactions made by a person not regularly engaged in business. Present law specifically exempts from the sales tax, sales of tangible personal property to consumers by any person who either: (1) Does not regularly sell the type of property being sold; or (2) Regularly sells the type of property being sold, but only [...]

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