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TN HB1181

TN HB1181
AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 6, Part 3, relative to taxation of broadband equipment and services.


summary

Introduced
02/06/2025
In Committee
04/17/2025
Crossed Over
Passed
05/15/2025
Dead
Signed/Enacted/Adopted
05/15/2025

Introduced Session

114th General Assembly

Bill Summary

As enacted, sets the end date at June 30, 2027, for the exemption from sales and use tax for purchases and leases of equipment and infrastructure used to produce broadband communications services or provide internet access. - Amends TCA Title 67, Chapter 6, Part 3.

AI Summary

This bill amends Tennessee's tax code by extending the existing sales and use tax exemption for broadband equipment and infrastructure from June 30, 2025 to June 30, 2027. The legislation specifically modifies Tennessee Code Annotated, Section 67-6-391(a), which provides a tax break for purchases and leases of equipment used to produce broadband communications services or provide internet access. By pushing back the expiration date, the bill ensures that telecommunications companies and internet service providers will continue to receive this tax incentive for an additional two years, potentially encouraging further investment in broadband infrastructure across the state. The bill takes effect immediately upon becoming law, with the stated purpose of serving the public welfare by maintaining financial support for broadband expansion.

Committee Categories

Budget and Finance

Sponsors (20)

Last Action

Comp. became Pub. Ch. 449 (on 05/15/2025)

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