Amends TCA Title 67, Chapter 4; Title 67, Chapter 6 and Title 67, Chapter 7.
Tennessee SB1315 amends various provisions related to the distribution and administration of business taxes, local tax surcharges, local option revenue taxes, and coal severance taxes. The bill primarily reduces the administrative fee for these taxes from 1.125% to 0.75% and removes the requirement for the Department of Revenue to report annual costs associated with local option sales tax administration. It affects taxpayers and local governments by altering the allocation of tax proceeds and administrative costs.
Tennessee SB1315 amends various provisions related to the distribution and administration of business taxes, local tax surcharges, local option revenue taxes, and coal severance taxes. The bill primarily reduces the administrative fee for these taxes from 1.125% to 0.75% and removes the requirement for the Department of Revenue to report annual costs associated with local option sales tax administration. It affects taxpayers and local governments by altering the allocation of tax proceeds and administrative costs.
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Johnson, Jack
114th General Assembly
February 6, 2025
May 8, 2025
Comp. became Pub. Ch. 355