Taxes, Exemption and Credits

Plain English Breakdown

The bill summary text does not provide details on specific types of firearms and ammunition that are exempted.

Tennessee Sales Tax Holiday for Firearms and Ammunition

This bill creates a sales tax holiday in Tennessee from July 3 to July 6, 2026, exempting state sales and use taxes on the retail sale of firearms and ammunition.

What This Bill Does

• Creates an exemption from the state's sales and use tax on the retail sale of firearms and ammunition during specific dates.
• Limits the exemption period to between 12:01 a.m. on July 3, 2026, and 11:59 p.m. on July 6, 2026.

Who It Names or Affects

• People who buy firearms and ammunition in Tennessee from July 3 to July 6, 2026.
• Retailers selling firearms and ammunition in Tennessee during the specified period.

Terms To Know

Sales tax holiday

A temporary period when certain items are not taxed by the state or local government.

Exemption

An exception to a rule that allows people or businesses to avoid paying taxes on specific items.

Limits and Unknowns

• The bill only applies during a four-day period in July.
• It does not specify the types of firearms and ammunition covered by this exemption.

Official Summary Text

Under present law, there is a sales tax holiday each year from
the last Friday of July to the following Sunday that exempts state sales and use tax on the following items:



Clothing with a sales price of $100 or less per item
.


School supplies with a sales price of $100 or less per item
.


School art supplies with a sales price of $100 or less per item
.


Computers with a sales price of $1,500 or less per item.

This bill creates a special sales tax holiday for the retail sale of firearms and ammunition, by exempting state sales and use tax. This sales tax holiday would apply if the firearms and ammunition are sold between 12:01 a.m. on July 3, 2026, and 11:59
p.m. on July 6, 2026.

Current Bill Text

HOUSE BILL 1505
By Lamberth

SENATE BILL 1776
By Johnson
SB1776
010965
- 1 -

AN ACT to amend Tennessee Code Annotated, Title 67,
Chapter 6, Part 3, relative to exemptions from the
sales and use tax.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. Tennessee Code Annotated, Section 67-6-393, is amended by adding the
following as a new subsection:
There is exempt from the tax imposed by this chapter the retail sale of firearms
and ammunition, if sold between 12:01 a.m. on July 3, 2026, and 11:59 p.m. on July 6,
2026.
SECTION 2. This act takes effect July 1, 2026, the public welfare requiring it.