House Bill 1505, also known as Senate Bill 1776, amends Tennessee Code Annotated, Title 67, Chapter 6, Part 3, to introduce a temporary exemption from sales and use tax for the retail sale of firearms and ammunition. Specifically, the bill stipulates that this exemption will apply to sales occurring between 12:01 a.m. on July 3, 2026, and 11:59 p.m. on July 6, 2026.

The act is set to take effect on July 1, 2026, emphasizing the public welfare as a reason for its implementation. This legislation aims to provide a financial incentive for consumers purchasing firearms and ammunition during the specified holiday period.

Statutes affected:
Introduced: 67-6-393