Amends TCA Title 67.
ON MARCH 18, 2021, THE SENATE SUBSTITUTED HOUSE BILL 131 FOR SENATE BILL 215, ADOPTED AMENDMENT #1, AND PASSED HOUSE BILL 131, AS AMENDED. AMENDMENT #1 adds that, for sales and use tax purposes, "tangible personal property" does not include surface, underground, or elevated railroads, or railroad structures, substructures, and superstructures, tracks and the metal thereon, branches, switches, and other improvements or structures permitted or authorized to be made in, upon, or under public or private property. This amendment defines such railroads, railroad structures, substructures, superstructures, tracks and the metal thereon, branches, switches, and other improvements made in, upon, or under public or private property as realty for sales and use tax purposes upon installation.
ON MARCH 18, 2021, THE SENATE SUBSTITUTED HOUSE BILL 131 FOR SENATE BILL 215, ADOPTED AMENDMENT #1, AND PASSED HOUSE BILL 131, AS AMENDED. AMENDMENT #1 adds that, for sales and use tax purposes, "tangible personal property" does not include surface, underground, or elevated railroads, or railroad structures, substructures, and superstructures, tracks and the metal thereon, branches, switches, and other improvements or structures permitted or authorized to be made in, upon, or under public or private property. This amendment defines such railroads, railroad structures, substructures, superstructures, tracks and the metal thereon, branches, switches, and other improvements made in, upon, or under public or private property as realty for sales and use tax purposes upon installation.
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