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Bill > SB0780
TN SB0780
TN SB0780AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 6, relative to tax on the purchase of an automobile.
summary
Introduced
01/30/2023
01/30/2023
In Committee
Crossed Over
Passed
Dead
04/25/2024
04/25/2024
Introduced Session
113th General Assembly
Bill Summary
As introduced, exempts the first $15,000 of the purchase price of an automobile from the sales tax if the purchaser is a member of the Tennessee air or army national guard. - Amends TCA Title 67, Chapter 6.
AI Summary
This bill exempts the first $15,000 of the purchase price of an automobile from the sales tax if the purchaser is a member of the Tennessee Air or Army National Guard. The exemption can only be used once every five years, and the purchaser must provide documentation from their unit confirming their membership and good standing. The bill takes effect on July 1, 2023.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Placed on Senate Finance, Ways, and Means Committee calendar for 4/23/2024 (on 04/19/2024)
Bill Topics
Defense
- ‐ Reserve Forces and National Guard
Macroeconomics
- ‐ Taxation, Tax Policy, and Tax Reform
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SB0780&ga=113 | 01/31/2023 |
| Fiscal Note - SB0780 | https://www.capitol.tn.gov/Bills/113/Fiscal/SB0780.pdf | 02/18/2023 |
| BillText | https://www.capitol.tn.gov/Bills/113/Bill/SB0780.pdf | 01/31/2023 |
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