Top Legislation - View All
Latest Action: 04/30/2008 - Action Deferred in Finance, Ways & Means Committee to next calendar Bill TextCompanion Bill SB3073. Public Contracts - Subject to local approval, authorizes municipalities to contract with other municipalities or financial institutions to stabilize the expense of purchasing gasoline and diesel fuel during the fiscal year begining on July 1, 2008. - Amends TCA Title 4; Title 7; Title 9 and Title 67. Fiscal Summary for HB3810 / *SB3073Decrease State Revenue - $21,694,000 - FY08-09 $43,389,000 - FY09-10 Decrease Local Govt. Revenue - $1,045,000 - FY08-09 $2,089,000 - FY09-10 Other Fiscal Impact - In FY09-10, there will be approximately $2,274,000 in forgone state sales tax revenue in addition to the recurring decrease. The extent of forgone revenue will increase in subsequent years due to the natural growth of taxable food sales. Bill Summary for HB3810 / *SB3073 ON MAY 15, 2008, THE [...] show full description
Latest Action: 04/30/2008 - Action Deferred in Senate Tax Sub Comm. to next Calendar Bill TextCompanion Bill HB3810. Public Contracts - Subject to local approval, authorizes municipalities to contract with other municipalities or financial institutions to stabilize the expense of purchasing gasoline and diesel fuel during the fiscal year begining on July 1, 2008. - Amends TCA Title 4; Title 7; Title 9 and Title 67. Fiscal Summary for *SB3073 / HB3810Decrease State Revenue - $21,694,000 - FY08-09 $43,389,000 - FY09-10 Decrease Local Govt. Revenue - $1,045,000 - FY08-09 $2,089,000 - FY09-10 Other Fiscal Impact - In FY09-10, there will be approximately $2,274,000 in forgone state sales tax revenue in addition to the recurring decrease. The extent of forgone revenue will increase in subsequent years due to the natural growth of taxable food sales. Bill Summary for *SB3073 / HB3810 ON MAY 15, 2008, THE [...] show full description
Latest Action: 04/10/2008 - Received from House, Passed first consideration Bill TextCompanion Bill SB3934. Budget Procedures - Establishes the county revenue partnership fund; requires Tennessee advisory commission on intergovernmental relations to study provisions of this act. - Amends TCA Title 67. Fiscal Summary for *HB3863 / SB3934 Increase State Expenditures - Exceeds $1,000,000 Increase Local Revenue - Exceeds $1,000,000 Other Fiscal Impact - The amount of increased state expenditures and increased local revenue is contingent upon the amount appropriated by the General Assembly. Bill Summary for *HB3863 / SB3934 This bill establishes a separate account within the state general fund, to be known as the "county revenue partnership fund." The county revenue partnership fund would be subject to annual appropriation at a level to be determined by the general assembly, but would not exceed the amount distributed to municipalities [...] show full description
Latest Action: 03/11/2008 - Referred to Senate F,W&M Comm. w/ neg. recommend Bill TextCompanion Bill HB0396. Taxes, Sales - Earmarks certain sales tax revenues from municipalities that are premier type tourist resorts for construction and maintenance of wastewater facilities and projects. - Amends TCA Section 67-6-103(a)(3)(B). Fiscal Summary for SB0480 / *HB0396Decrease State Revenues - $1,065,000 Increase Local Govt. Revenues: $1,065,000 - Earmarked for the French Broad River Wastewater Pipeline and other specified projects Bill Summary for SB0480 / *HB0396 Under present law, 4.2462 percent of sales and use tax revenue is distributed to incorporated municipalities based on the municipalities' population. Present law provides for alternate distribution calculations for municipalities classified as premier type tourist resorts. The collective amounts paid under the premier type tourist resort provisions are limited to the [...] show full description
Latest Action: 04/08/2008 - Referred to Senate F,W&M Comm. w/neg. recommend Bill TextCompanion Bill HB3754. Taxes, Exemption and Credits - Modifies the requirements for certain tax credits granted for establishing a qualified facility to support an emerging industry or a major cultural attraction. - Amends TCA Title 67, Chapter 6. Fiscal Summary for *SB3398 / HB3754Decrease State Revenue - Exceeds $100,000 Other Fiscal Impact - If future taxpayers are eligible for such tax credits as a result of this legislation, there would be an unknown amount of forgone state revenue in future years. Bill Summary for *SB3398 / HB3754 Under the present law sales and use tax provisions, a taxpayer that establishes a qualified facility to support an emerging industry or a major cultural attraction in this state is eligible for a credit of all the state sales or use taxes paid to the state, except tax at the rate of 0.5 percent, on the sale or [...] show full description
Latest Action: 02/12/2008 - Referred to Senate F,W&M Comm. w/neg. recommend Bill TextTaxes, Sales - Exempts first $100,000 of sales annually sold by a charitable entity whose primary function involves fundraising in support of a city, county, or metropolitan library system. - Amends TCA Title 67, Chapter 6. Fiscal Summary for SB3431 / *HB3047(CORRECTED) Increase State Expenditures - $90,000 / One-Time Decrease State Revenue - $183,300 Decrease Local Revenue - $58,900
Latest Action: 04/08/2008 - Referred to Senate F,W&M Comm. w/neg. recommend Bill TextCompanion Bill HB3456. Taxes, Sales - Exempts wood shavings, chips, and slabs from sales and use taxes when sold to qualified farmers and nurserymen. - Amends TCA Title 67, Chapter 6, Part 2. Fiscal Summary for *SB3830 / HB3456Decrease State Revenue - $88,000 Decrease Local Revenue - $28,300 Bill Summary for *SB3830 / HB3456 Under present law, sales of farm equipment and machinery to qualified farmers or nurserymen are exempt from the sales tax. Among the types of farm equipment and machinery that are eligible for the exemption is agri-sawdust. This bill adds wood shavings, chips, and slabs to the types of farm equipment and machinery that are eligible for the sales tax exemption.
Latest Action: 03/19/2008 - Placed Behind the Budget Bill TextTaxes, Sales - Exempts sale of food or food ingredients, except candy, dietary supplements, and prepared food, from state sales and use taxation. - Amends TCA Title 67, Chapter 6. Fiscal Summary for *HB0659 / SB1541Decrease State Revenues - $141,863,000 / General Fund $318,173,000 / Education Fund $22,447,000 / Earmarked to Local Govt. $1,796,000 / Department of Revenue $4,489,000 / Sinking Fund Decrease Local Govt. Revenues - $22,447,000
Latest Action: 02/06/2008 - Placed Behind the Budget Bill TextCompanion Bill SB2545. Taxes, Sales - Exempts from sales and use tax book sales by nonprofit public library support organizations, if the proceeds of such sales are dedicated to public library use. - Amends TCA Title 67, Chapter 6. Fiscal Summary for *HB2441 / SB2545(CORRECTED) Decrease State Revenue - $52,400 Foregone State Revenue - Exceeds $58,900 Increase State Expenditures - $5,000 / One-Time Decrease Local Revenue - $16,800 Foregone Local Revenue - Exceeds $18,900 Bill Summary for *HB2441 / SB2545 This amendment 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 organization must first obtain an exemption certificate from the commissioner [...] show full description
Latest Action: 03/26/2008 - Placed Behind the Budget Bill TextCompanion Bill SB2644. Taxes, Sales - Exempts from sales tax sales of flatbed trailers with a gross vehicle weight of 23,000 pounds or less, used primarily for agricultural purposes, to qualifying farmers or nurserymen. - Amends TCA Title 67, Chapter 6, Part 2. Fiscal Summary for *HB2444 / SB2644(CORRECTED) Decrease State Revenue - $283,200 Decrease Local Revenue - $78,700 Bill Summary for *HB2444 / SB2644 This bill exempts from the sales tax sales of flatbed trailers with a gross vehicle weight of 23,000 pounds or less, used primarily for agricultural purposes, to qualifying farmers or nurserymen. Under present law, sales to qualifying farmers or nurserymen of various farm equipment and machinery are exempt from the sales tax. A "qualified farmer or nurseryman" means a person who meets one or more of the following criteria: [...] show full description
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Latest Legislation - View All
Latest Action: 04/30/2008 - Placed on Subcommittee Calendar Budget of Finance, Ways and Means for 05/07/2008 Bill TextCompanion Bill SB4120. Public Funds and Financing - Provides certain funding mechanism to defray the cost of constructing a stadium to be used principally for certain professional baseball games. - Amends TCA Title 67, Chapter 6. Fiscal Summary for *HB4183 / SB4120Other Fiscal Impact - If the newly constructed stadium is for the Nashville Sounds, and at least one hotel and one restaurant is built in conjunction with that new stadium, then a decrease of state revenue estimated to exceed $600,000 per year, with an offsetting increase to local government (Nashville) revenue of the same amount. In addition, an unknown amount of foregone state revenue estimated to exceed $100,000 per year, with an offsetting increase to local government (Nashville) revenue of the same amount. Such foregone state revenue results from expected incremental sales occurring at the newly-constructed [...] show full description
Latest Action: 04/30/2008 - Referred to Senate F,W&M Comm. w/recommend Bill TextCompanion Bill HB4183. Public Funds and Financing - Provides certain funding mechanism to defray the cost of constructing a stadium to be used principally for certain professional baseball games. - Amends TCA Title 67, Chapter 6. Fiscal Summary for SB4120 / *HB4183Other Fiscal Impact - If the newly constructed stadium is for the Nashville Sounds, and at least one hotel and one restaurant is built in conjunction with that new stadium, then a decrease of state revenue estimated to exceed $600,000 per year, with an offsetting increase to local government (Nashville) revenue of the same amount. In addition, an unknown amount of foregone state revenue estimated to exceed $100,000 per year, with an offsetting increase to local government (Nashville) revenue of the same amount. Such foregone state revenue results from expected incremental sales occurring at the newly-constructed [...] show full description
Latest Action: 03/19/2008 - Placed Behind the Budget Bill TextTaxes, Exemption and Credits - Exempts from sales tax authorized All American Football League® goods and products sold by the league within any county in which professional football games of the league are played; also exempts the sales price of admissions and related fees for professional football games of the league played in this state. - Amends TCA Section 67-6-329 and Section 67-6-330. Fiscal Summary for HB3970 / *SB4049Foregone State Revenue - Exceeds $125,000/FY07-08 Exceeds 500,000/FY08-09 and Succeeding Years Foregone Local Revenue - Exceeds $40,000/FY07-08 Exceeds $160,000/FY08-09 and Succeeding Years
Latest Action: 02/20/2008 - Assigned to Subcommittee Budget of FW&M Bill TextCompanion Bill SB2987. Taxes, Exemption and Credits - Provides that kerosene sold over-the-counter, or sold in any other manner, directly to the consumer for residential use shall be exempt from sales tax. - Fiscal Summary for HB4090 / *SB2987Decrease State Revenue - $601,400 Bill Summary for HB4090 / *SB2987 Under present law, gas, electricity, fuel oil, coal, and other energy fuels sold directly to the consumer for residential use are exempt from the sales tax. The tax exemption does not apply to energy fuels sold over the counter at the location of the seller; however, propane sold over the counter in cylinders with a capacity of 100 pounds or more is exempt from the sales tax. This bill exempts kerosene that is sold directly to the consumer for residential use from the sales tax.
Latest Action: 03/11/2008 - Assigned to Gen. Sub of: Senate Tax Sub Committee of F,W&M. Bill TextTaxes, Exemption and Credits - Exempts from sales tax authorized All American Football League® goods and products sold by the league within any county in which professional football games of the league are played; also exempts the sales price of admissions and related fees for professional football games of the league played in this state. - Amends TCA Section 67-6-329 and Section 67-6-330. Fiscal Summary for *SB4049 / HB3970Foregone State Revenue - Exceeds $125,000/FY07-08 Exceeds 500,000/FY08-09 and Succeeding Years Foregone Local Revenue - Exceeds $40,000/FY07-08 Exceeds $160,000/FY08-09 and Succeeding Years
Latest Action: 02/13/2008 - Assigned to Subcommittee Local Government of S&LG Bill TextCompanion Bill SB4033. Taxes, Sales - Enacts "Cumberland River Resort District Act of 2008." - Amends TCA Title 57, Chapter 4, Part 1 and Title 67, Chapter 6. Fiscal Summary for *HB3909 / SB4033Decrease State Revenue - Net Impact - $197,000 Increase Local Revenue - Net Impact - $593,000 Bill Summary for *HB3909 / SB4033 SALES AND USE TAX DISTRIBUTION Under present law, 4.2462 percent of sales and use tax revenue is distributed to incorporated municipalities based on the municipalities' population. Present law provides for alternate distribution calculations for municipalities classified as premier type tourist resorts. This bill adds that a county in the first quartile of economic distress in the U.S. for fiscal year 2008-2009 that borders or is crossed by the Cumberland River may elect to be a "Cumberland River resort district" [...] show full description
Latest Action: 02/20/2008 - Assigned to Subcommittee Budget of FW&M Bill TextTaxes, Sales - Exempts certain small businesses from the requirement that sales and use tax returns and payments must be filed electronically with the department of revenue; prohibits imposition of certain penalties. - Amends TCA Section 67-1-703 and Section 67-6-504. Fiscal Summary for HB3960 / *SB3969Decrease State Revenue - Less than $50,000/One-Time Increase State Expenditures - $2,000/One-Time
Latest Action: 02/20/2008 - Assigned to Subcommittee Budget of FW&M Bill TextTaxes, Sales - Expands credit allowed for resold telecommunication services to long term care facilities. - Amends TCA Title 67, Chapter 6. Fiscal Summary for *HB4077 / SB4097Decrease State Revenue - $4,570,000 Decrease Local Revenue - $77,000
Latest Action: 02/20/2008 - Placed Behind the Budget Bill TextCompanion 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 [...] show full description
Latest Action: 04/08/2008 - Assigned to Gen. Sub of: Senate S&L Govt. Comm. Bill TextCompanion Bill HB3909. Taxes, Sales - Enacts "Cumberland River Resort District Act of 2008." - Amends TCA Title 57, Chapter 4, Part 1 and Title 67, Chapter 6. Fiscal Summary for SB4033 / *HB3909Decrease State Revenue - Net Impact - $197,000 Increase Local Revenue - Net Impact - $593,000 Bill Summary for SB4033 / *HB3909 SALES AND USE TAX DISTRIBUTION Under present law, 4.2462 percent of sales and use tax revenue is distributed to incorporated municipalities based on the municipalities' population. Present law provides for alternate distribution calculations for municipalities classified as premier type tourist resorts. This bill adds that a county in the first quartile of economic distress in the U.S. for fiscal year 2008-2009 that borders or is crossed by the Cumberland River may elect to be a "Cumberland River resort district" [...] show full description
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