House Bill 1505, sponsored by Lamberth, proposes an amendment to Tennessee Code Annotated, specifically Section 67-6-393, to introduce a new exemption from the sales and use tax for the retail sale of firearms and ammunition. This exemption will be applicable for a limited time, specifically from 12:01 a.m. on July 3, 2026, to 11:59 p.m. on July 6, 2026.

The bill is set to take effect on July 1, 2026, emphasizing the urgency of the public welfare in implementing this tax exemption. This legislation aims to provide a temporary financial relief for consumers purchasing firearms and ammunition during the specified holiday period.

Statutes affected:
Introduced: 67-6-393