Amends TCA Title 4; Title 5; Title 6; Title 7; Title 9; Title 49 and Title 67.
Tennessee SB0762 proposes the establishment of a 5% county tax on the sale of lottery tickets and shares sold at retail within each county, requiring lottery retailers to register with the Department of Revenue for tax collection and remittance. The bill mandates that the tax is payable monthly, with a portion allocated for administrative costs and the remainder distributed according to the Local Option Revenue Act. Additionally, it requires the Tennessee Education Lottery Corporation to provide sales information to assist in tax administration.
Tennessee SB0762 proposes the establishment of a 5% county tax on the sale of lottery tickets and shares sold at retail within each county, requiring lottery retailers to register with the Department of Revenue for tax collection and remittance. The bill mandates that the tax is payable monthly, with a portion allocated for administrative costs and the remainder distributed according to the Local Option Revenue Act. Additionally, it requires the Tennessee Education Lottery Corporation to provide sales information to assist in tax administration.
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Yager, Ken
114th General Assembly
February 4, 2025
February 21, 2025
Assigned to General Subcommittee of Senate State & Local Government Committee