Taxes - As introduced, requires the commissioner of revenue to report to the general assembly on an annual basis, beginning July 1, 2027, the amount of sales and use tax refunds on purchases of major appliances, residential furniture, and residential building supplies issued to persons receiving federal disaster assistance. - Amends TCA Title 4; Title 9; Title 12; Title 54; Title 55 and Title 67.

Summary

The bill adds a new reporting requirement for the Tennessee Department of Revenue. Beginning in 2027, the commissioner must tell the legislature how much sales and use tax has been refunded for major appliances, residential furniture, and building supplies bought by people receiving federal disaster assistance. This creates a transparent record of tax refunds tied to disaster relief.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share