Amends TCA Title 67, Chapter 6.
Tennessee SB2042 authorizes the commissioner of revenue to issue a certificate of exemption for sales and use tax to taxpayers who qualify for exemptions on building materials used in the construction, expansion, or renovation of new or expanded warehouse or distribution facilities. This bill affects taxpayers engaged in such construction projects and aims to facilitate economic development in the warehouse and distribution sector. Key provisions include the ability to issue the exemption certificate in both paper and electronic formats.
Tennessee SB2042 authorizes the commissioner of revenue to issue a certificate of exemption for sales and use tax to taxpayers who qualify for exemptions on building materials used in the construction, expansion, or renovation of new or expanded warehouse or distribution facilities. This bill affects taxpayers engaged in such construction projects and aims to facilitate economic development in the warehouse and distribution sector. Key provisions include the ability to issue the exemption certificate in both paper and electronic formats.
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