Taxes

Plain English Breakdown

The official source material does not provide details on the specific types of purchases eligible for refunds beyond mentioning 'major appliances, residential furniture, and residential building supplies.'

Annual Report on Tax Refunds for Disaster Victims

This bill requires Tennessee's commissioner of revenue to report annually to the state legislature about tax refunds given to people who buy major appliances, furniture, and building supplies with federal disaster assistance.

What This Bill Does

• Requires the commissioner of revenue to send a yearly report starting July 1, 2027.
• The report must show how much money was refunded in sales and use taxes for purchases made by people who got federal help after a disaster.

Who It Names or Affects

• People who receive federal disaster assistance
• The commissioner of revenue

Terms To Know

Sales and use tax

A tax charged on the sale price of goods or services, and also when those items are used.

Refunds

Money returned to a person after they paid too much in taxes.

Limits and Unknowns

• The bill does not specify how the information will be used or what happens if there is no refund data.
• It only requires reporting and does not change tax rates or other policies.

Official Summary Text

Abstract summarizes the bill.

Current Bill Text

HOUSE BILL 2357
By Howell

SENATE BILL 2475
By Bailey
SB2475
012625
- 1 -

AN ACT to amend Tennessee Code Annotated, Title 4;
Title 9; Title 12; Title 54; Title 55 and Title 67,
relative to taxation.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. Tennessee Code Annotated, Section 67-6-396, is amended by adding the
following as a new subsection:
(h) The commissioner of revenue shall report to the general assembly on an
annual basis, beginning July 1, 2027, the amount of refunds issued under this section.
SECTION 2. This act takes effect upon becoming a law, the public welfare requiring it.