Amends TCA Title 67, Chapter 6.
This bill exempts the following from sales and use tax liability:<br /> <br /> (1) Persons who sell tangible personal property and taxable services to a K-12 school or school support group during five temporary sales periods conducted in a calendar year. If a person conducts more than five temporary sales periods in a calendar year, then the person will only be liable for sales tax on all tangible personal property and taxable services sold during the sixth temporary sales period and any subsequent temporary sales period conducted during that year; and<br /> <br /> (2) K-12 schools and school support groups that purchase tangible personal property or taxable services without paying tax, during five temporary sales periods conducted in a calendar year. If a K-12 school or school support group conducts more than five temporary sales periods during a calendar year after purchasing tangible personal property or taxable services from a person without paying tax, then the K-12 school or school support group will only be liable for the use tax based on the purchase price of the tangible personal property and taxable services purchased during the sixth temporary sales period and any subsequent temporary sales period conducted during that year.<br /> <br /> This bill defines "school support group" as:<br /> <br /> (A) A school support organization (which present law defines as booster club, foundation, parent teacher association, parent teacher organization, parent teacher support association, or any other nongovernmental organization or group of persons whose primary purpose is to support a school district, school, school club, or academic, arts, athletic or social activities related to a school, that collects or receives money, materials, property or securities from students, parents or members of the general public); and<br /> (B) A group of persons who raise funds for a specified purpose under the sponsorship of a school employee and turn over the funds raised to the school to be used for the specific purpose for which the funds were raised.<br /> <br />
This bill exempts the following from sales and use tax liability:<br /> <br /> (1) Persons who sell tangible personal property and taxable services to a K-12 school or school support group during five temporary sales periods conducted in a calendar year. If a person conducts more than five temporary sales periods in a calendar year, then the person will only be liable for sales tax on all tangible personal property and taxable services sold during the sixth temporary sales period and any subsequent temporary sales period conducted during that year; and<br /> <br /> (2) K-12 schools and school support groups that purchase tangible personal property or taxable services without paying tax, during five temporary sales periods conducted in a calendar year. If a K-12 school or school support group conducts more than five temporary sales periods during a calendar year after purchasing tangible personal property or taxable services from a person without paying tax, then the K-12 school or school support group will only be liable for the use tax based on the purchase price of the tangible personal property and taxable services purchased during the sixth temporary sales period and any subsequent temporary sales period conducted during that year.<br /> <br /> This bill defines "school support group" as:<br /> <br /> (A) A school support organization (which present law defines as booster club, foundation, parent teacher association, parent teacher organization, parent teacher support association, or any other nongovernmental organization or group of persons whose primary purpose is to support a school district, school, school club, or academic, arts, athletic or social activities related to a school, that collects or receives money, materials, property or securities from students, parents or members of the general public); and<br /> (B) A group of persons who raise funds for a specified purpose under the sponsorship of a school employee and turn over the funds raised to the school to be used for the specific purpose for which the funds were raised.<br /> <br />
Track Tennessee Legislation Like a Pro
Join hundreds of professionals using LegisGo to stay ahead of legislative changes.
Instant Alerts
Get notified when bills you track move through the legislature
AI Summaries
Understand complex legislation in seconds with AI-powered analysis
Full Access
All 132 legislators, committee schedules, and voting records