TN SB2118

Legislative Description

As enacted, redefines "industrial machinery" to exempt from sales and use tax machinery utilized in the design and manufacture of firearms equipped with integral devices that permit a user to program the firearm to operate only for specified person designated by the user through computerized locking devices or other means integral and permanently part of the firearm, when the machinery is utilized by a person whose principle business is fabricating or processing tangible personal property for resale. - Amends TCA Title 67.

Taxes, Exemption and Credits

Last Action

Committee Referrals