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TN HB1505

TN HB1505
AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 6, Part 3, relative to exemptions from the sales and use tax.


summary

Introduced
01/12/2026
In Committee
01/14/2026
Crossed Over
Passed
Dead

Introduced Session

114th General Assembly

Bill Summary

As introduced, establishes a sales tax holiday for the retail sale of firearms and ammunition during the period of July 3-6, 2026. - Amends TCA Title 67, Chapter 6, Part 3.

AI Summary

This bill establishes a temporary exemption from Tennessee's sales and use tax for the retail sale of firearms and ammunition. Specifically, this exemption will be in effect from 12:01 a.m. on July 3, 2026, through 11:59 p.m. on July 6, 2026. The sales and use tax is a tax on the purchase of goods and services, and this bill aims to waive that tax for these specific items during the designated four-day period. The bill is set to take effect on July 1, 2026.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Assigned to s/c Finance, Ways, and Means Subcommittee (on 01/14/2026)

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