Bill > SJR0399

This resolution recognizes and thanks Tennessee's retailers for collecting and remitting sales taxes, acknowledging that they collected $14 billion in sales taxes in 2024 on behalf of the state. The resolution highlights an additional burden faced by retailers: when consumers pay for goods using credit or debit cards, transaction fees are charged on the total transaction amount, including the sales tax portion. This means retailers are essentially paying transaction fees on money that goes directly to the state government. The resolution emphasizes that while the sales tax portion of a transaction only benefits the state, retailers bear the associated card transaction fees. By passing this resolution, the Tennessee General Assembly (the state legislature) formally expresses gratitude to retailers for their role in efficiently collecting sales taxes and suggests that the state and retailers should collaborate to address the challenges of sales tax collection. The resolution also includes a provision for preparing an official copy of the document for presentation, with specific formatting instructions.

Budget and Finance

https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SJR0399&ga=114