Senate Bill 1095 proposes an amendment to the Tennessee Code Annotated, specifically within Title 67, Chapter 6, Part 3, concerning exemptions from sales and use tax. The bill introduces a new section that exempts the first twenty dollars ($20.00) of the sales price on tangible personal property when the payment is made using physical cash. It clarifies that this exemption does not apply to taxes imposed by other laws, such as those under title 57 or chapter 4, part 10 of the title.

Additionally, the bill defines "physical cash" to include tangible coins, paper money, and notes recognized as legal tender by state or federal law, as well as physical gold and silver. The act is set to take effect on July 1, 2025, contingent upon the public welfare.