Amends TCA Title 67, Chapter 4, Part 7.
Present law exempts various persons from the business tax, including any person primarily engaged in the manufacture of goods, wares, merchandise, or other articles of value from a location or outlet subject to property taxes. This bill adds that such exemption includes sales by the person of the manufactured goods, wares, merchandise, or other articles of value from a storage or warehouse facility subject to property taxes that is situated within a 10-mile radius of the location or outlet from which the goods, wares, merchandise, or other articles of value were manufactured.
Present law exempts various persons from the business tax, including any person primarily engaged in the manufacture of goods, wares, merchandise, or other articles of value from a location or outlet subject to property taxes. This bill adds that such exemption includes sales by the person of the manufactured goods, wares, merchandise, or other articles of value from a storage or warehouse facility subject to property taxes that is situated within a 10-mile radius of the location or outlet from which the goods, wares, merchandise, or other articles of value were manufactured.
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