Bill > SB1293

This bill amends Tennessee Code Annotated, Section 67-6-410, which pertains to wholesaler information reports. Specifically, the bill makes three key changes: First, it removes two specific subdivisions from the existing law, which likely relate to reporting requirements or exemptions. Second, the bill modifies language regarding the content of information reports, changing the phrase "may include, but is not limited to" to "must include", which suggests a more mandatory and precise reporting standard. The bill effectively extends the commissioner of revenue's authority to require sellers of food, candy, and non-alcoholic beverages to file information reports about their net sales to retailers, by removing a previous sunset provision that would have terminated this requirement on July 1, 2025. This means the reporting requirement will now continue indefinitely, providing the Tennessee Department of Revenue with ongoing, consistent access to sales information from wholesalers in these product categories. The bill takes effect immediately upon becoming law, as stated in the final section.

Budget and Finance

https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SB1293&ga=114