Senate Bill 469 amends Tennessee Code Annotated, specifically Section 67-6-343, to provide a sales tax exemption for the retail sale of trailers that are registered and used in another state within three calendar days of purchase. The bill designates the existing language as subsection (a) and introduces a new subsection (b) that clarifies that using a trailer within Tennessee after purchase, but before it is removed from the state, does not incur a sales tax.

The bill is set to take effect on July 1, 2023, emphasizing the public welfare as a reason for its implementation. This change aims to facilitate the purchase of trailers by reducing the tax burden for those who intend to register them out of state shortly after buying them.

Statutes affected:
Introduced: 67-6-343