Amends TCA Title 67.
Tennessee SB0885 amends Title 67 of the Tennessee Code Annotated to remove the sales tax on specific uranium-related activities and equipment. The bill primarily affects businesses involved in the enrichment, deconversion, or conversion of uranium materials, compounds, or products, particularly those operating on a cost-plus or toll enrichment fee basis. Key provisions include the exemption for industrial machinery necessary for these processes under specified circumstances.
Tennessee SB0885 amends Title 67 of the Tennessee Code Annotated to remove the sales tax on specific uranium-related activities and equipment. The bill primarily affects businesses involved in the enrichment, deconversion, or conversion of uranium materials, compounds, or products, particularly those operating on a cost-plus or toll enrichment fee basis. Key provisions include the exemption for industrial machinery necessary for these processes under specified circumstances.
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