House Bill 125 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 clarifies that using a trailer within Tennessee after purchase but before it is removed from the state does not incur a sales tax. This change aims to facilitate the purchase of trailers by individuals who intend to register them out of state.

Additionally, an amendment to the bill specifies that the reference to the definition of trailers will be updated from "55-1-105" to "55-1-105(e)." The act is set to take effect on July 1, 2023, emphasizing the urgency of the public welfare in implementing this tax exemption.

Statutes affected:
Introduced: 67-6-343
Amended with SA0230 -- 04/03/2023: 67-6-343