Plain English Breakdown
The official summary and bill text do not provide additional details beyond removing subsection (f) related to a one-time sales tax holiday in August 2020.
Tennessee Sales Tax Exemption Changes
This bill removes outdated language about a one-time sales tax holiday from Tennessee's laws.
What This Bill Does
- Removes subsection (f) of Section 67-6-393 in the Tennessee Code Annotated, which talks about an old sales tax holiday.
Who It Names or Affects
- The people and businesses who follow Tennessee's tax laws will see changes in the written rules, but no actual tax changes happen for them.
Terms To Know
- Sales Tax Holiday
- A time when certain items are not taxed to help people save money on specific purchases.
- Tennessee Code Annotated
- The official collection of Tennessee’s laws and rules.
Limits and Unknowns
- This bill only removes old information about a past event, not current tax rates or exemptions.
- It does not create new taxes or change how people pay sales tax now.