Senate Bill 2116, also known as House Bill 2433, amends the Tennessee Code Annotated regarding sales and use tax exemptions. The bill introduces a new exemption for books priced at $100 or less, which is added as subdivision (E) under Section 67-6-393(b)(1). Additionally, it modifies the existing exemption for reference maps and globes by replacing subdivision (E) in Section 67-6-393(b)(2) with a new definition. The bill also redefines "Books" in Section 67-6-102, specifying that it includes various types of literary works while explicitly excluding newspapers, magazines, and periodicals.

The changes aim to clarify and expand the definitions and exemptions related to sales tax on books, thereby potentially benefiting consumers and promoting literacy. The act is set to take effect on July 1, 2026, ensuring that the public welfare is prioritized in its implementation.

Statutes affected:
Introduced: 67-6-393(b)(1), 67-6-393, 67-6-393(b)(2), 67-6-102