Bill

Bill > HB2493


TN HB2493

TN HB2493
AN ACT to amend Tennessee Code Annotated, Title 67, relative to the sales and use tax.


summary

Introduced
02/03/2026
In Committee
02/05/2026
Crossed Over
Passed
Dead

Introduced Session

114th General Assembly

Bill Summary

As introduced, applies the sales and use tax to advertising services purchased by or on behalf of a business entity that generates annual revenue in amount equal to or greater than $100 million. - Amends TCA Title 67.

AI Summary

This bill amends Tennessee law to apply the state's sales and use tax to advertising services, which are defined as any communication promoting a brand, product, or service to the public to generate interest or encourage purchases, including sponsorships and various forms of advertising like television, digital, radio, billboard, and print. This new tax will only apply to advertising services purchased by or on behalf of business entities that generate at least $100 million in annual revenue. The Department of Revenue is authorized to create rules to implement this change, with the act taking effect for rule-making purposes immediately upon becoming law and for all other purposes on January 1, 2027.

Committee Categories

Government Affairs

Sponsors (1)

Last Action

P2C, ref. to Government Operations for Review - Finance, Ways & Means Committee (on 02/05/2026)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...