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TN SB0294

Bill

Official Source

Status

Introduced

1/24/2025

Primary Sponsor

Rusty Crowe

Click for details

Origin

Senate

114th General Assembly

AI Summary

  • Creates a sales tax exemption for motor vehicle purchases by qualifying members of the Tennessee National Guard
  • Exemption applies only to the first $15,000 of the vehicle's sales price
  • Limits the exemption to one vehicle per individual within a five-year period
  • Purchasers must provide proof of National Guard membership and documentation certifying good standing from their unit
  • Effective July 1, 2025, applying to vehicle purchases made on or after that date

Legislative Description

AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 6, Part 3, relative to exemption from sales tax on motor vehicles for members of the national guard.

Taxes, Exemption and Credits

Last Action

Placed on Senate Finance, Ways, and Means Committee calendar for 4/21/2025

4/17/2025

Committee Referrals

Finance, Ways and Means3/18/2025
Revenue Subcommittee3/11/2025
Finance, Ways and Means2/10/2025

Full Bill Text

No bill text available