HB3750 - Tennessee - Energy, Taxes, Privilege, Water

Companion Bill SB3383. Taxes, Privilege - Removes requirement that water or energy fuel come into direct contact with article being manufactured to qualify for exemption from tax on water and energy fuels sold to or used by manufacturers; water or energy fuel must still exclusively be used directly in manufacturing process to qualify for exemption. - Amends TCA Title 67, Chapter 24, Part 23. Fiscal Summary for HB3750 / *SB3383(CORRECTED) Decrease State Revenue - Exceeds $1,000,000 Decrease Local Revenue - Exceeds $100,000 Bill Summary for HB3750 / *SB3383 Present law imposes a 1.5 percent tax on water and energy fuels that are sold to or used by manufacturers. Water or energy fuel sold to or used by a manufacturer is exempt from the tax if the water or fuel is exclusively used directly in the manufacturing process, coming into direct [...]

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