Amends TCA Title 4; Title 5; Title 6; Title 7; Title 9; Title 49 and Title 67.
Tennessee HB0051 mandates that counties levy a 5% tax on the retail sales price of lottery tickets, requiring lottery retailers to register with the Department of Revenue for tax collection and remittance. The bill outlines the monthly remittance process, allocates 2% of the collected taxes for administrative purposes, and specifies that the remaining funds be distributed according to the Local Option Revenue Act. Additionally, it allows the Tennessee Education Lottery Corporation to share sales information with the Department of Revenue for tax administration.
Tennessee HB0051 mandates that counties levy a 5% tax on the retail sales price of lottery tickets, requiring lottery retailers to register with the Department of Revenue for tax collection and remittance. The bill outlines the monthly remittance process, allocates 2% of the collected taxes for administrative purposes, and specifies that the remaining funds be distributed according to the Local Option Revenue Act. Additionally, it allows the Tennessee Education Lottery Corporation to share sales information with the Department of Revenue for tax administration.
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Keisling, Kelly
114th General Assembly
December 19, 2024
January 28, 2025
Assigned to s/c Departments & Agencies Subcommittee