Amends TCA Title 67, Chapter 6, Part 3.
Tennessee HB1247 amends Title 67, Chapter 6, Part 3 of the Tennessee Code Annotated to exempt the first $20 of the sales price from sales tax when tangible personal property is purchased with physical cash declared as legal tender, including gold and silver. This bill primarily affects consumers making cash purchases and retailers who sell tangible personal property. Key provisions include the specific exemption amount of $20 and the inclusion of gold and silver as acceptable forms of cash payment.
Tennessee HB1247 amends Title 67, Chapter 6, Part 3 of the Tennessee Code Annotated to exempt the first $20 of the sales price from sales tax when tangible personal property is purchased with physical cash declared as legal tender, including gold and silver. This bill primarily affects consumers making cash purchases and retailers who sell tangible personal property. Key provisions include the specific exemption amount of $20 and the inclusion of gold and silver as acceptable forms of cash payment.
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Reneau, Michele
114th General Assembly
February 6, 2025
April 15, 2026
Taken off notice for cal in s/c Finance, Ways, and Means Subcommittee of Finance, Ways, and Means Committee