Senate Bill 117, also known as House Bill 170, 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 sales and use tax exemptions.
The act is set to take effect immediately upon becoming law, emphasizing the urgency of the changes for the public welfare. The removal of this subsection could potentially streamline the tax exemption process or eliminate certain restrictions, although the specific implications of the deletion are not detailed in the bill.
Statutes affected: Introduced: 67-6-393