Bill
Bill > SB2042
TN SB2042
TN SB2042AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 6, relative to sales and use taxes.
summary
Introduced
01/22/2026
01/22/2026
In Committee
Crossed Over
Passed
Dead
Introduced Session
114th General Assembly
Bill Summary
As introduced, authorizes the commissioner of revenue to issue a certificate of exemption to a taxpayer who qualifies for the sales and use tax exemption on qualified building materials used in the construction, expansion, or renovation of one or more qualified, new, or expanded warehouse or distribution facilities in paper or electronic medium. - Amends TCA Title 67, Chapter 6.
AI Summary
This bill amends Tennessee Code Annotated, Title 67, Chapter 6, which deals with sales and use taxes, to allow the commissioner of revenue to issue a certificate of exemption in either paper or electronic format. This exemption applies to qualified building materials used in the construction, expansion, or renovation of one or more qualified, new, or expanded warehouse or distribution facilities, providing a more flexible method for businesses to receive this tax benefit.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Refer to Senate FW&M Revenue Subcommittee (on 02/10/2026)
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SB2042&ga=114 |
| Fiscal Note - SB2042 | https://www.capitol.tn.gov/Bills/114/Fiscal/SB2042.pdf |
| BillText | https://www.capitol.tn.gov/Bills/114/Bill/SB2042.pdf |
Loading...