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HB1247

AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 6, Part 3, relative to exemptions from sales and use tax.

Introduced·2/6/25

HB1247 exempts the first $20 of sales price on tangible personal property paid for with physical cash from Tennessee sales and use tax.

HB1247 amends Tennessee sales and use tax law by exempting the first $20 of the sales price on tangible personal property when paid for with physical cash. Physical cash includes coins, paper money, legal tender notes, and tangible gold and silver. This exemption does not apply to taxes imposed by other laws. The change takes effect July 1, 2025.

Included in complete analysis

  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Current
In committee
Next
Committee decision

Sponsors

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4
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History

Apr 15

House

Taken off notice for cal in s/c Finance, Ways, and Means Subcommittee of Finance, Ways, and Means Committee

Apr 8

House

Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/14/2026

Feb 11

House

Placed behind the budget