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TN HB0051
Bill
Status
12/19/2024
Primary Sponsor
Kelly Keisling
Click for details
AI Summary
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Each county must levy a 5% entertainment tax on the retail sales price of lottery tickets and shares, in addition to existing taxes on lottery retailers
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The Department of Revenue will collect and administer the tax, with lottery retailers required to register and submit monthly returns by the 20th of each month
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2% of tax revenues collected will go to the Department of Revenue for administration; the remaining 98% will be distributed to counties under the existing local sales tax distribution formula (§ 67-6-712)
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The Tennessee Education Lottery Corporation must provide lottery sales information to the Department of Revenue upon request for tax administration purposes
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Effective January 1, 2026 for tax collection; rulemaking authority takes effect immediately upon becoming law
Legislative Description
AN ACT to amend Tennessee Code Annotated, Title 4; Title 5; Title 6; Title 7; Title 9; Title 49 and Title 67, relative to lottery tickets.
Lottery, Corporation
Last Action
Assigned to s/c Departments & Agencies Subcommittee
1/28/2025