Loading chat...

TN HB1247

Bill

Official Source

Status

Introduced

2/6/2025

Primary Sponsor

Michele Reneau

Click for details

Origin

House of Representatives

114th General Assembly

AI Summary

  • Exempts the first $20.00 of sales tax on purchases of tangible personal property when paid with physical cash
  • Defines "physical cash" as coins, paper money, and notes declared legal tender by state or federal law, including physical gold and silver
  • Does not exempt purchases from other taxes such as alcohol taxes (Title 57) or local option taxes
  • Takes effect July 1, 2025

Legislative Description

AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 6, Part 3, relative to exemptions from sales and use tax.

Taxes, Sales

Last Action

Sponsor(s) Added.

2/11/2026

Committee Referrals

Finance, Ways & Means Subcommittee2/4/2026
Finance, Ways & Means2/12/2025

Full Bill Text

No bill text available