All Taxes, Sales Legislation - Tennessee
SB4097
Latest Action: 02/06/2008 - Referred to Senate Tax Sub Comm. Bill Text Taxes, Sales - Expands credit allowed for resold telecommunication services to long term care facilities. - Amends TCA Title 67, Chapter 6. Fiscal Summary for SB4097 / *HB4077Decrease State Revenue - $4,570,000 Decrease Local Revenue - $77,000 Comment on Bill SB4106
Latest Action: 05/08/2008 - Placed on Senate Tax Sub Committee of F,W&M. Calendar for 05/12/2008 Bill Text Companion Bill HB4138. 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 *SB4106 / HB4138(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 *SB4106 / HB4138 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 HB4183
Latest Action: 05/14/2008 - Taken Off Notice For Calendar in Subcommittee Budget of Finance, Ways and Means of Finance, Ways & Means Committee Bill Text Companion 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 HB3909
Latest Action: 02/13/2008 - Assigned to Subcommittee Local Government of S&LG Bill Text Companion 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 SB4120
Latest Action: 05/12/2008 - Assigned to Gen. Sub of: Senate Finance, Ways and Means Comm. Bill Text Companion 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 HB3960
Latest Action: 02/20/2008 - Assigned to Subcommittee Budget of FW&M Bill Text Taxes, 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 HB4077
Latest Action: 02/20/2008 - Assigned to Subcommittee Budget of FW&M Bill Text Taxes, 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 HB3970
Latest Action: 05/14/2008 - Placed on Subcommittee Calendar Budget of Finance, Ways and Means for 05/19/2008 Bill Text Taxes, 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 HB4138
Latest Action: 05/14/2008 - Placed on Subcommittee Calendar Budget of Finance, Ways and Means for 05/19/2008 Bill Text 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 [...] show full description HB4090
Latest Action: 02/20/2008 - Assigned to Subcommittee Budget of FW&M Bill Text Companion 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. SB4049
Latest Action: 03/11/2008 - Assigned to Gen. Sub of: Senate Tax Sub Committee of F,W&M. Bill Text Taxes, 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 SB4033
Latest Action: 04/08/2008 - Assigned to Gen. Sub of: Senate S&L Govt. Comm. Bill Text Companion 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 SB4035
Latest Action: 04/08/2008 - Assigned to Gen. Sub of: Senate Tax Sub Committee of F,W&M. Bill Text Taxes, Sales - Exempts retail sale of livestock and poultry feeds from sales and use tax. - Amends TCA Title 67, Chapter 6. Fiscal Summary for SB4035 / *HB3776Decrease State Revenue - $1,525,400 Decrease Local Revenue - $490,300 HB3837
Latest Action: 05/14/2008 - Placed on Subcommittee Calendar Budget of Finance, Ways and Means for 05/19/2008 Bill Text Companion Bill SB3963. Taxes, Sales - Increases revenue distribution to entities responsible for debt retirement on qualified baseball and softball complex from certain sales occurring at such complex. - Amends TCA Section 67-6-103. Fiscal Summary for *HB3837 / SB3963 Decrease State Revenue - $350,000 Other Fiscal Impact - The decrease of state revenue noted above would be earmarked for paying debt service incurred to construct the qualified baseball and softball complexes. If the qualified baseball and softball complexes are owned by local governments, then $112,500 of local government revenue would be earmarked for paying debt service incurred to construct the qualified baseball and softball complexes. If the qualified baseball and softball complexes are owned by private entities, then local governments would experience a decrease of revenue estimated to be $112,500 [...] show full description SB3934
Latest Action: 06/06/2008 - Companion became Public Chapter 1057 Bill Text Companion Bill HB3863. 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 SB3934 / *HB3863 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 SB3934 / *HB3863 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 HB3885
Latest Action: 02/06/2008 - Assigned to Subcommittee State Government of S&LG Bill Text Companion Bill SB3972. Taxes, Sales - Broadens eligibility for Tennessee River resort district status. - Amends TCA Section 57-4-102 and Section 67-6-103. Fiscal Summary for *HB3885 / SB3972Decrease State Revenue - $170,000 Increase State Expenditures - $6,000/One-Time Increase Local Revenue - $170,000/Polk County Bill Summary for *HB3885 / SB3972 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. Present law also provides for an alternate distribution for counties in the first quartile of economic distress in the U.S. for fiscal year 2006 which borders or is crossed by the Tennessee River that elect to be a "Tennessee [...] show full description HB3823
Latest Action: 05/14/2008 - Placed on Subcommittee Calendar Budget of Finance, Ways and Means for 05/19/2008 Bill Text Taxes, Exemption and Credits - Exempts from sales and use taxes compact fluorescent lamps and compact fluorescent light bulbs awarded the ENERGY STAR label if purchased by the consumer solely for household use. - Amends TCA Section 67-6-102 and Section 67-6-329. Fiscal Summary for HB3823 / *SB3053Decrease State Revenue - $2,599,800 Decrease Local Govt. Revenue - $835,700 SB3963
Latest Action: 03/18/2008 - Action Deferred in Senate Tax Sub Committee of F,W&M. to next Calendar Bill Text Companion Bill HB3837. Taxes, Sales - Increases revenue distribution to entities responsible for debt retirement on qualified baseball and softball complex from certain sales occurring at such complex. - Amends TCA Section 67-6-103. Fiscal Summary for SB3963 / *HB3837 Decrease State Revenue - $350,000 Other Fiscal Impact - The decrease of state revenue noted above would be earmarked for paying debt service incurred to construct the qualified baseball and softball complexes. If the qualified baseball and softball complexes are owned by local governments, then $112,500 of local government revenue would be earmarked for paying debt service incurred to construct the qualified baseball and softball complexes. If the qualified baseball and softball complexes are owned by private entities, then local governments would experience a decrease of revenue estimated to be $112,500 [...] show full description SB3969
Latest Action: 02/06/2008 - Referred to Senate Tax Sub Comm. Bill Text Taxes, 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 *SB3969 / HB3960Decrease State Revenue - Less than $50,000/One-Time Increase State Expenditures - $2,000/One-Time HB3776
Latest Action: 05/14/2008 - Placed on Subcommittee Calendar Budget of Finance, Ways and Means for 05/19/2008 Bill Text Taxes, Sales - Exempts retail sale of livestock and poultry feeds from sales and use tax. - Amends TCA Title 67, Chapter 6. Fiscal Summary for *HB3776 / SB4035Decrease State Revenue - $1,525,400 Decrease Local Revenue - $490,300 SB3972
Latest Action: 02/04/2008 - Passed second consideration, Referred to Senate S&L Govt. Comm. Bill Text Companion Bill HB3885. Taxes, Sales - Broadens eligibility for Tennessee River resort district status. - Amends TCA Section 57-4-102 and Section 67-6-103. Fiscal Summary for SB3972 / *HB3885Decrease State Revenue - $170,000 Increase State Expenditures - $6,000/One-Time Increase Local Revenue - $170,000/Polk County Bill Summary for SB3972 / *HB3885 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. Present law also provides for an alternate distribution for counties in the first quartile of economic distress in the U.S. for fiscal year 2006 which borders or is crossed by the Tennessee River that elect to be a "Tennessee [...] show full description HB3810
Latest Action: 06/11/2008 - Public Chapter 1088 Bill Text Companion 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 beginning 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, [...] show full description HB3811
Latest Action: 02/20/2008 - Assigned to Subcommittee Budget of FW&M Bill Text Taxes, Sales - Reduces sales tax on food from 5.5 percent to 5.25 percent effective January 1, 2009. - Amends TCA Title 4; Title 5; Title 6; Title 7; Title 8; Title 9; Title 12; Title 16; Title 30; Title 36; Title 39; Title 40; Title 45; Title 47; Title 48; Title 55; Title 56; Title 57; Title 61; Title 62; Title 67; Title 68; Title 69; Title 70 and Title 71. Fiscal Summary for HB3811 / *SB3072Decrease State Revenue - $10,848,000 - FY08-09 $21,694,000 - FY09-10 Decrease Local Govt. Revenue - $522,000 - FY08-09 $1,045,000 - FY09-10 Other Fiscal Impact - In FY09-10, there will be approximately $1,137,000 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. HB3863
Latest Action: 06/06/2008 - Public Chapter 1057 Bill Text Companion 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 HB3754
Latest Action: 05/07/2008 - Taken Off Notice For Calendar in Subcommittee Budget of Finance, Ways and Means of Finance, Ways & Means Committee Bill Text Companion Bill SB3398. 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 HB3754 / *SB3398Decrease 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 HB3754 / *SB3398 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 HB3463
Latest Action: 05/14/2008 - Placed on Subcommittee Calendar Budget of Finance, Ways and Means for 05/19/2008 Bill Text Taxes, Exemption and Credits - Exempts from sales tax solar panels purchased exclusively for residential use. - Amends TCA Title 67, Chapter 6, Part 3. Fiscal Summary for HB3463 / *SB3321Decrease State Revenue - $214,300 Decrease Local Revenue - $68,900 HB3443
Latest Action: 03/19/2008 - Companion became Public Chapter 617 Bill Text Companion Bill SB2730. Taxes, Sales - Changes the spring sales tax holiday to be April 25 - April 27. - Amends TCA Section 67-6-393. Fiscal Summary for HB3443 / *SB2730(CORRECTED) Increase State Expenditures - Not Significant Bill Summary for HB3443 / *SB2730 ON FEBRUARY 25, 2008, THE SENATE ADOPTED AMENDMENT #1 AND PASSED SENATE BILL 2730, AS AMENDED. AMENDMENT #1 rewrites this bill and changes the dates of the spring 2008 sales tax holiday from "March 21 through March 23" to "April 25 through April 27." HB3444
Latest Action: 05/14/2008 - Placed on Subcommittee Calendar Budget of Finance, Ways and Means for 05/19/2008 Bill Text Taxes, Sales - Authorizes any county or municipality that has elected Tennessee River resort district status to repeal such election by adopting a resolution or ordinance approved by a two-thirds vote of the legislative body of the jurisdiction. - Amends TCA Section 67-6-103. Fiscal Summary for HB3444 / *SB3521Decrease State Revenue - Exceeds $500,000 Increase Local Revenue - Exceeds $500,000 HB3453
Latest Action: 04/30/2008 - Taken Off Notice For Calendar in Subcommittee Budget of Finance, Ways and Means of Finance, Ways & Means Committee Bill Text Companion Bill SB3134. Taxes, Sales - Exempts from use tax food sales that are packaged with the sale of a hotel room. - Amends TCA Section 67-6-203. Fiscal Summary for HB3453 / *SB3134Decrease State Revenue - $228,800 Decrease Local Revenue - $73,500 Bill Summary for HB3453 / *SB3134 This bill exempts from the use tax food or drink that is supplied as part of a packaged room rate by a lodging operator if the purchase price of the lodging is subject to the sales tax and no separate charge is made for the food or drink. Latest Action: 05/14/2008 - Placed on Subcommittee Calendar Budget of Finance, Ways and Means for 05/19/2008 Bill Text Companion Bill SB3830. 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 HB3456 / *SB3830Decrease State Revenue - $88,000 Decrease Local Revenue - $28,300 Bill Summary for HB3456 / *SB3830 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: 01/30/2008 - Assigned to Subcommittee Budget of FW&M Bill Text Companion Bill SB3637. Taxes, Sales - Permits nonprofit organizations, other than volunteer fire departments, and public schools to conduct three fundraising events per calendar year in which the sale of tangible personal property is exempt from sales tax. - Amends TCA Section 67-6-102. Fiscal Summary for HB3459 / *SB3637(CORRECTED) Decrease State Revenue - $846,100 Decrease Local Revenue - $272,000 Bill Summary for HB3459 / *SB3637 Present law exempts from the sales tax, occasional and isolated sales or transactions made by a person not regularly engaged in business. Present law specifically exempts from the sales tax, sales of tangible personal property to consumers by any person who either: (1) Does not regularly sell the type of property being sold; or (2) Regularly sells the type of property being sold, but only [...] show full description HB3604
Latest Action: 02/20/2008 - Assigned to Subcommittee Budget of FW&M Bill Text 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 [...] show full description HB3337
Latest Action: 02/20/2008 - Assigned to Subcommittee Budget of FW&M Bill Text Companion Bill SB3481. Taxes, Sales - Enacts the "Energy Star Appliance Sales Tax Free Weekend." - Amends TCA Title 67, Chapter 6. Fiscal Summary for HB3337 / *SB3481Decrease State Revenue - Net Impact - $8,408,300 Increase State Expenditures - $2,832,800 Decrease Local Revenue - $404,700 Bill Summary for HB3337 / *SB3481 Under present law, there is a sales tax holiday weekend each August, and March 2008, during which certain sales of clothing, school supplies, school art supplies, and computers are exempt from the sales tax. This bill would create an "energy star appliance sales tax free weekend" for sales of certain household items that have been awarded the energy star label and that have a sales price of $1,500 or less per item. The energy star appliance sales tax free weekend would begin at 12:01 a.m. on the first Friday [...] show full description HB3130
Latest Action: 01/30/2008 - Assigned to Subcommittee Budget of FW&M Bill Text Taxes, Sales - Reduces sales tax on food from 5.5 percent to 2.75 percent effective July 1, 2008. - Amends TCA Section 67-6-228. Fiscal Summary for HB3130 / *SB3173Decrease State Revenue - $238,643,000 Decrease Local Govt. Revenue - $11,487,000 Other Fiscal Impact - In FY09-10, there will be approximately $12,507,000 in forgone state sales tax revenue in addition to the recurring decrease. The extent of forgone revenues will increase in subsequent years due to the natural growth of taxable food sales. SB3663
Latest Action: 03/11/2008 - Assigned to Gen. Sub of: Senate Tax Sub Committee of F,W&M. Bill Text Taxes, Sales - Adds soccer to professional sports that qualify a municipality with a sports authority to receive actual allocation of taxes paid on admissions, concessions, parking, and team merchandise. - Amends TCA Section 67-6-103. Fiscal Summary for SB3663 / *HB3248Other Fiscal Impact - If an agreement is reached between any municipality and a sports authority to construct a sports venue for a Major League Soccer team or a Major Indoor Soccer team, a forthcoming amount of state sales tax revenue, derived from sales occurring at the venue during games, would shift from the General Fund to the municipality where it would be earmarked to pay the debt incurred to construct the venue. This amount of foregone state revenue is estimated to exceed $150,000 per year per team. SB3293
Latest Action: 03/11/2008 - Assigned to Gen. Sub of: Senate Tax Sub Committee of F,W&M. Bill Text Taxes, Exemption and Credits - Exempts from sales and use taxes any motor vehicle 10 or more years old and selling for $10,000 dollars or less. - Amends TCA Title 67, Chapter 6, Part 3. Fiscal Summary for SB3293 / *HB3157Decrease State Revenue - Net Impact - $15,608,700 Decrease Local Revenue - Net Impact - $5,838,600 HB3248
Latest Action: 02/13/2008 - Assigned to Subcommittee Local Government of S&LG Bill Text Taxes, Sales - Adds soccer to professional sports that qualify a municipality with a sports authority to receive actual allocation of taxes paid on admissions, concessions, parking, and team merchandise. - Amends TCA Section 67-6-103. Fiscal Summary for *HB3248 / SB3663Other Fiscal Impact - If an agreement is reached between any municipality and a sports authority to construct a sports venue for a Major League Soccer team or a Major Indoor Soccer team, a forthcoming amount of state sales tax revenue, derived from sales occurring at the venue during games, would shift from the General Fund to the municipality where it would be earmarked to pay the debt incurred to construct the venue. This amount of foregone state revenue is estimated to exceed $150,000 per year per team. SB3830
Latest Action: 05/14/2008 - Assigned to Gen. Sub of: Senate Finance, Ways and Means Comm. Bill Text Companion 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. SB3321
Latest Action: 04/08/2008 - Assigned to Gen. Sub of: Senate Tax Sub Committee of F,W&M. Bill Text Taxes, Exemption and Credits - Exempts from sales tax solar panels purchased exclusively for residential use. - Amends TCA Title 67, Chapter 6, Part 3. Fiscal Summary for *SB3321 / HB3463Decrease State Revenue - $214,300 Decrease Local Revenue - $68,900 Latest Action: 01/30/2008 - Assigned to Subcommittee Budget of FW&M Bill Text Taxes, Sales - Exempts over-the-counter drugs that were prescription drugs from sales tax. - Amends TCA Section 67-6-320. Fiscal Summary for HB3254 / *SB2796Decrease State Revenue - $13,757,800 Decrease Local Revenue - $5,297,200 SB3398
Latest Action: 05/19/2008 - Assigned to Gen. Sub of: Senate Finance, Ways and Means Comm. Bill Text Companion 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 HB3256
Latest Action: 01/30/2008 - Assigned to Subcommittee Budget of FW&M Bill Text Taxes, Sales - Reduces sales tax on food from 5.5 percent to 5 percent; holds local government harmless from reduction in state rate. - Amends TCA Title 67, Chapter 6. Fiscal Summary for HB3256 / *SB2753Decrease State Revenue - $45,478,000 Increase State Expenditures - $2,089,000 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 revenues will increase in subsequent years due to the natural growth of taxable food sales. SB3556
Latest Action: 02/05/2008 - Placed on Senate Tax Sub Committee of F,W&M. Calendar for 02/12/2008 Bill Text Companion Bill HB3269. Taxes, Exemption and Credits - Exempts school support organizations from sales and use taxes under certain circumstances. - Amends TCA Title 67, Chapter 6. Fiscal Summary for SB3556 / *HB3269(CORRECTED) Decrease State Revenue - $982,800 Decrease Local Revenue - $315,900 Bill Summary for SB3556 / *HB3269 Under present law, "school support organization" is defined as any nongovernmental organization or group of persons whose primary purpose is to support a school district, school, school club, or academic, arts, athletic, or social activities related to a school, that collects or receives money, materials, property or securities from students, parents, or members of the general public. Present law generally requires school support organizations to operate pursuant to local fundraising policies, spend all of the [...] show full description HB3287
Latest Action: 05/14/2008 - Placed on Subcommittee Calendar Budget of Finance, Ways and Means for 05/19/2008 Bill Text Companion Bill SB2783. Taxes, Sales - Redefines "candy" as "food or food ingredients" for tax purposes. - Amends TCA Title 67, Chapter 4 and Title 67, Chapter 6. Fiscal Summary for HB3287 / *SB2783Decrease State Revenue - Net Impact - $6,275,100 Decrease Local Govt. Revenue - $302,100 Bill Summary for HB3287 / *SB2783 Present law levies a tax of 5.5 percent on food and food ingredients for human consumption. Prepared food, alcoholic beverages, candy, dietary supplements, and tobacco are not considered food and food ingredients for purposes of the reduced sales tax amount and are therefore taxed as personal property at a rate of 7 percent of the sales price. This bill redefines "food or food ingredients" to include candy, thereby making it eligible for the 5.5 percent sales tax rate. Latest Action: 05/13/2008 - Assigned to Gen. Sub of Senate F,W&M Comm. Bill Text Taxes, Exemption and Credits - Exempts from sales and use taxes separately metered water sold by utility to qualified farmer or nurseryman that is used directly in production of food or fiber for human or animal consumption or to aid in growing of a horticultural product for sale. - Amends TCA Title 67, Chapter 6. Fiscal Summary for SB3740 / *HB3163Decrease State Revenue - $436,900 Decrease Local Revenue - $168,200 SB3497
Latest Action: 03/17/2008 - Withdrawn. Bill Text Alcoholic Beverages - Broadens eligibility for Tennessee River resort district status. - Amends TCA Section 57-4-102 and Section 67-6-103. Fiscal Summary for *SB3497Decrease State Revenue - Net Impact - $90,800 Increase State Expenditures - $6,000/One-Time Increase Local Revenue - Net Impact - $249,200/Polk County Bill Summary for *SB3497 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. Present law also provides for an alternate distribution for counties in the first quartile of economic distress in the U.S. for fiscal year 2006 which borders or is crossed by the Tennessee River that elect to be a "Tennessee River resort district." A municipality within such a county and located within three miles of the nearest [...] show full description HB2978
Latest Action: 05/14/2008 - Placed on Subcommittee Calendar Budget of Finance, Ways and Means for 05/19/2008 Bill Text Companion Bill SB3174. Taxes, Sales - Requires 0.5 percent reduction of sales tax on food in next fiscal year when surplus revenues exceed $50,000,000 in current fiscal year. - Amends TCA Title 67. Fiscal Summary for HB2978 / *SB3174Other Fiscal Impact - The fiscal impact of this bill is dependent upon the fiscal years that state surplus revenues exceed $50.0 million. In fiscal years when state surplus revenues exceed $50.0 million, the net decrease to state revenue for the following fiscal year is estimated to exceed $43,389,000; the decrease to local government revenue is estimated to exceed $2,089,000. In addition to these recurring decreases, the state would forgo additional sales tax revenue in subsequent fiscal years due to the natural growth of taxable food sales. Bill Summary for HB2978 / *SB3174 This bill provides for the state sales [...] show full description SB3394
Latest Action: 02/05/2008 - Assigned to Gen. Sub of: Senate Tax Sub Committee of F,W&M. Bill Text Taxes, Sales - Reduces tax on food and food ingredients from 5.5 percent to 4.5 percent. - Amends amend TCA Title 67, Chapter 6. Fiscal Summary for SB3394 / *HB2603Decrease State Revenue - $86,779,000 Decrease Local Govt. Revenue - $4,177,000 Other Fiscal Impact - In FY09-10, there will be approximately $4,548,000 in forgone state sales tax revenue in addition to the recurring decrease. The extent of forgone revenues will increase in subsequent years due to the natural growth of taxable food sales. HB3182
Latest Action: 05/07/2008 - Taken Off Notice For Calendar in: Government Operations Committee Bill Text Companion Bill SB3158. Taxes - Requires combined reporting for franchise and excise tax purposes; reduces sales tax on food from 5.5 percent to 3.5 percent. - Amends TCA Title 67. Fiscal Summary for HB3182 / *SB3158Decrease State Revenue - Net Impact - $153,559,000 Increase State Expenditures - $322,400 / One-Time $1,627,100 / Recurring Decrease Local Revenue - $8,354,000 Bill Summary for HB3182 / *SB3158 This bill: (1) Reduces the state sales tax on groceries from 5.5 percent to 3.5 percent; and (2) Requires combined reporting under the franchise/excise tax provisions for taxpayers engaged in a unitary business with one or more other corporations. This bill defines "unitary business" as a single economic enterprise that is made up either of separate parts of a single business entity or of [...] show full description Latest Action: 05/14/2008 - Placed on Subcommittee Calendar Budget of Finance, Ways and Means for 05/19/2008 Bill Text Taxes, 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 *HB3047 / SB3431(CORRECTED) Increase State Expenditures - $90,000 / One-Time Decrease State Revenue - $183,300 Decrease Local Revenue - $58,900 SB3431
Latest Action: 05/19/2008 - Assigned to Gen. Sub of: Senate Finance, Ways and Means Comm. Bill Text Taxes, 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: 01/30/2008 - Assigned to Subcommittee Budget of FW&M Bill Text Taxes, Exemption and Credits - Exempts from sales and use taxes any motor vehicle 10 or more years old and selling for $10,000 dollars or less. - Amends TCA Title 67, Chapter 6, Part 3. Fiscal Summary for *HB3157 / SB3293Decrease State Revenue - Net Impact - $15,608,700 Decrease Local Revenue - Net Impact - $5,838,600 HB3089
Latest Action: 01/30/2008 - Assigned to Subcommittee Budget of FW&M Bill Text Taxes, Sales - Reduces sales tax on food from 5.5 percent to 5 percent effective July 1, 2008. - Amends TCA Section 67-6-228. Fiscal Summary for HB3089 / *SB3171Decrease State Revenue - $43,389,000 Decrease Local Govt. Revenue - $2,089,000 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 revenues will increase in subsequent years due to the natural growth of taxable food sales. Latest Action: 03/11/2008 - Assigned to Gen. Sub of: Senate Tax Sub Committee of F,W&M. Bill Text Companion Bill HB3337. Taxes, Sales - Enacts the "Energy Star Appliance Sales Tax Free Weekend." - Amends TCA Title 67, Chapter 6. Fiscal Summary for *SB3481 / HB3337Decrease State Revenue - Net Impact - $8,408,300 Increase State Expenditures - $2,832,800 Decrease Local Revenue - $404,700 Bill Summary for *SB3481 / HB3337 Under present law, there is a sales tax holiday weekend each August, and March 2008, during which certain sales of clothing, school supplies, school art supplies, and computers are exempt from the sales tax. This bill would create an "energy star appliance sales tax free weekend" for sales of certain household items that have been awarded the energy star label and that have a sales price of $1,500 or less per item. The energy star appliance sales tax free weekend would begin at 12:01 a.m. on the first Friday [...] show full description HB3163
Latest Action: 05/14/2008 - Placed on Subcommittee Calendar Budget of Finance, Ways and Means for 05/19/2008 Bill Text Taxes, Exemption and Credits - Exempts from sales and use taxes separately metered water sold by utility to qualified farmer or nurseryman that is used directly in production of food or fiber for human or animal consumption or to aid in growing of a horticultural product for sale. - Amends TCA Title 67, Chapter 6. Fiscal Summary for *HB3163 / SB3740Decrease State Revenue - $436,900 Decrease Local Revenue - $168,200 HB3090
Latest Action: 01/30/2008 - Assigned to Subcommittee Budget of FW&M Bill Text Taxes, Sales - Reduces sales tax on food from 5.5 percent to 4.5 percent effective July 1, 2008. - Amends TCA Section 67-6-228. Fiscal Summary for HB3090 / *SB3172Decrease State Revenue - $86,779,000 Decrease Local Govt. Revenue - $4,177,000 Other Fiscal Impact - In FY09-10, there will be approximately $4,548,000 in forgone state sales tax revenue in addition to the recurring decrease. The extent of forgone revenues will increase in subsequent years due to the natural growth of taxable food sales. SB3521
Latest Action: 04/08/2008 - Assigned to Gen. Sub of: Senate S&L Govt. Comm. Bill Text Taxes, Sales - Authorizes any county or municipality that has elected Tennessee River resort district status to repeal such election by adopting a resolution or ordinance approved by a two-thirds vote of the legislative body of the jurisdiction. - Amends TCA Section 67-6-103. Fiscal Summary for *SB3521 / HB3444Decrease State Revenue - Exceeds $500,000 Increase Local Revenue - Exceeds $500,000 HB3175
Latest Action: 05/14/2008 - Placed on Subcommittee Calendar Budget of Finance, Ways and Means for 05/19/2008 Bill Text Taxes, Exemption and Credits - Exempts from state sales tax compact fluorescent lamps and compact fluorescent light bulbs; also exempts household appliances and products awarded the ENERGY STAR label pursuant to the federal ENERGY STAR program; eligible products are refrigerators, freezers, stoves, ovens, clothes washers, clothes dryers, dishwashers, central heating and air conditioning units, space heaters, room air conditioners and hot water heaters; all products must be solely for household use. - Amends TCA Title 67, Chapter 6, Part 3. Fiscal Summary for HB3175 / *SB2700Decrease State Revenue - $168,898,800 Decrease Local Govt. Revenue - $54,288,900 HB3093
Latest Action: 05/14/2008 - Placed on Subcommittee Calendar Budget of Finance, Ways and Means for 05/19/2008 Bill Text Companion Bill SB3170. Taxes, Sales - Exempts from sales tax the sale and installation of certain energy efficient appliances and energy production devices. - Amends TCA Title 67, Chapter 6, Part 3. Fiscal Summary for HB3093 / *SB3170Decrease State Revenue - Net Impact - Exceeds $213,786,500 Foregone State Revenue - Exceeds $140,000 Decrease Local Revenue - Exceeds $10,290,700 Bill Summary for HB3093 / *SB3170 This bill exempts from sales and use tax the sales of the following property and equipment that is labeled ENERGY STAR by the U.S. department of energy and the environmental protection agency: (1) Solar water heating equipment; (2) Photovoltaic equipment and necessarily associated equipment including racks, mounts, and inverters; (3) Wind generator of 100 kW generating capacity or less and necessarily associated [...] show full description SB3637
Latest Action: 03/18/2008 - Assigned to Gen. Sub of: Senate Tax Sub Committee of F,W&M. Bill Text Companion Bill HB3459. Taxes, Sales - Permits nonprofit organizations, other than volunteer fire departments, and public schools to conduct three fundraising events per calendar year in which the sale of tangible personal property is exempt from sales tax. - Amends TCA Section 67-6-102. Fiscal Summary for *SB3637 / HB3459(CORRECTED) Decrease State Revenue - $846,100 Decrease Local Revenue - $272,000 Bill Summary for *SB3637 / HB3459 Present law exempts from the sales tax, occasional and isolated sales or transactions made by a person not regularly engaged in business. Present law specifically exempts from the sales tax, sales of tangible personal property to consumers by any person who either: (1) Does not regularly sell the type of property being sold; or (2) Regularly sells the type of property being sold, but only [...] show full description HB3269
Latest Action: 05/14/2008 - Placed on Subcommittee Calendar Budget of Finance, Ways and Means for 05/19/2008 Bill Text Companion Bill SB3556. Taxes, Exemption and Credits - Exempts school support organizations from sales and use taxes under certain circumstances. - Amends TCA Title 67, Chapter 6. Fiscal Summary for *HB3269 / SB3556(CORRECTED) Decrease State Revenue - $982,800 Decrease Local Revenue - $315,900 Bill Summary for *HB3269 / SB3556 Under present law, "school support organization" is defined as any nongovernmental organization or group of persons whose primary purpose is to support a school district, school, school club, or academic, arts, athletic, or social activities related to a school, that collects or receives money, materials, property or securities from students, parents, or members of the general public. Present law generally requires school support organizations to operate pursuant to local fundraising policies, spend all of the [...] show full description SB3158
Latest Action: 05/12/2008 - Action Deferred in Senate Tax Sub Comm. to next meeting Bill Text Companion Bill HB3182. Taxes - Requires combined reporting for franchise and excise tax purposes; reduces sales tax on food from 5.5 percent to 3.5 percent. - Amends TCA Title 67. Fiscal Summary for *SB3158 / HB3182Decrease State Revenue - Net Impact - $153,559,000 Increase State Expenditures - $322,400 / One-Time $1,627,100 / Recurring Decrease Local Revenue - $8,354,000 Bill Summary for *SB3158 / HB3182 This bill: (1) Reduces the state sales tax on groceries from 5.5 percent to 3.5 percent; and (2) Requires combined reporting under the franchise/excise tax provisions for taxpayers engaged in a unitary business with one or more other corporations. This bill defines "unitary business" as a single economic enterprise that is made up either of separate parts of a single business entity or of [...] show full description SB3172
Latest Action: 02/05/2008 - Assigned to Gen. Sub of: Senate Tax Sub Committee of F,W&M. Bill Text Taxes, Sales - Reduces sales tax on food from 5.5 percent to 4.5 percent effective July 1, 2008. - Amends TCA Section 67-6-228. Fiscal Summary for *SB3172 / HB3090Decrease State Revenue - $86,779,000 Decrease Local Govt. Revenue - $4,177,000 Other Fiscal Impact - In FY09-10, there will be approximately $4,548,000 in forgone state sales tax revenue in addition to the recurring decrease. The extent of forgone revenues will increase in subsequent years due to the natural growth of taxable food sales. SB2987
Latest Action: 02/12/2008 - Action Deferred in Senate Tax Sub Comm. to next Calendar Bill Text Companion Bill HB4090. 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 *SB2987 / HB4090Decrease State Revenue - $601,400 Bill Summary for *SB2987 / HB4090 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. |
