HB4129 - Tennessee - Taxes

Companion Bill SB4173. Taxes - Changes the effective date of the repeal of the sales tax exemption for certain club membership dues from July 1, 2009, to July 1, 2008; revises provision governing sales price of bundled services; revises other sales tax-related provisions. - Amends TCA Title 67 and Chapter 602 of the Public Acts of 2007. Fiscal Summary for *HB4129 / SB4173Increase State Revenue - $965,700 Increase Local Revenue - $310,400 Bill Summary for *HB4129 / SB4173 This bill revises various sales-tax related provisions, as follows: (1) Under present law, the first $150 per member per annum of membership dues or fees of a recreation club or community service organization are exempt from sales tax. This exemption is scheduled to be repealed on July 1, 2009. This bill changes the repeal date to July 1, 2008. (2) [...]

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