HB4138 - Tennessee - Taxes, Exemption And Credits, Taxes, Sales

Companion Bill SB4106. Taxes, Sales - Exempts from sales and use tax, sales of books by nonprofit public library support organizations, if the proceeds of such sales are dedicated to public library use; entitles such organizations to have monthly sales of books pursuant to this exemption. - Amends TCA Title 67, Chapter 6. Fiscal Summary for HB4138 / *SB4106(CORRECTED) Decrease State Revenue - $52,400 Foregone State Revenue - $58,900 Increase State Expenditures - $5,000 / One-Time Decrease Local Revenue - $16,800 Foregone Local Revenue - $18,900 Bill Summary for HB4138 / *SB4106 This bill exempts book sales by nonprofit public library support organizations from sales and use tax, if the proceeds of such sales are dedicated to public library use. In order to be eligible for the sales tax exemption, a nonprofit public library support [...]

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