HB3604 - Tennessee - Taxes, Sales

Companion Bill SB2690. Taxes, Sales - Creates new sales tax exemption for certain sales of renewable energy equipment and services related to installation of such equipment. - Amends TCA Title 67, Chapter 6, Part 3. Fiscal Summary for HB3604 / *SB2690Decrease State Revenue - Less than $78,000 Foregone State Revenue - Exceeds $140,000 Bill Summary for HB3604 / *SB2690 This bill exempts from sales and use tax the following property and equipment relating to renewable energy: (1) Qualified solar water heating equipment; (2) Qualified photovoltaic equipment and necessarily associated equipment including racks, mounts, and inverters; (3) Qualified wind generator of 100 kW generating capacity or less and necessarily associated equipment including towers and mounts and inverters; and (4) A backup system used to store energy [...]

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