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 exemptions or regulations currently in place regarding sales and use tax.
The act is set to take effect immediately upon becoming law, emphasizing the urgency of the amendment for the public welfare. The removal of this subsection could potentially streamline tax regulations or alter the scope of exemptions available under the current law.
Statutes affected: Introduced: 67-6-393