Bill > SJR0331

This resolution recognizes and expresses gratitude to Tennessee's retailers for their role in collecting sales taxes for the state government. The resolution highlights that retailers collected and remitted fourteen billion dollars in sales taxes in 2024, and acknowledges the financial burden they face when processing these transactions. Specifically, the resolution points out that when consumers pay for goods and services using credit or debit cards, transaction fees are charged on the total transaction amount, including the sales tax portion. Since the sales tax portion only benefits the state, retailers are essentially bearing the card transaction fees associated with these tax collections on behalf of the government. The resolution formally thanks Tennessee's retailers for their efficient collection of sales taxes and their essential role in supporting state government finances. Additionally, the resolution includes a provision for preparing an official copy of the resolution for presentation, with some specific formatting instructions for the document.

https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SJR0331&ga=114