Senate Bill 117, sponsored by Haile, proposes an amendment to Tennessee Code Annotated, specifically targeting sales and use tax exemptions. The bill seeks to delete subsection (f) from Section 67-6-393, which may pertain to specific provisions or criteria related to these tax exemptions.
The act is set to take effect immediately upon becoming law, emphasizing the urgency of the amendment for the public welfare. By removing this subsection, the bill aims to streamline or modify the existing framework governing sales and use tax exemptions in Tennessee.
Statutes affected: Introduced: 67-6-393