TN SB2568

Imposes sales and use tax on advertising services purchased by or on behalf of businesses with annual revenue of $100 million or more

Defines "advertising" to include television, digital, radio, billboard, and print advertising, as well as sponsorships and any written, electronic, or printed communication promoting a brand, product, or service

Authorizes the Department of Revenue to promulgate rules to implement the tax under the Uniform Administrative Procedures Act

Takes effect January 1, 2027, for tax collection purposes; rule-making authority takes effect immediately upon becoming law