Bill > SB2568

This bill amends Tennessee law to apply the state's sales and use tax to advertising services, which are defined as any communication aimed at promoting a brand, product, or service to the public to generate interest or encourage purchases, including sponsorships and various forms of media advertising. This new tax will only apply to advertising services purchased by or on behalf of business entities that have an annual revenue of $100 million or more. The Department of Revenue is empowered to create the necessary 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.