HB2493

HB2493 modifies Tennessee sales and use tax to include advertising services for businesses with annual revenue of $100 million or more.

HB2493 amends Tennessee sales and use tax to include advertising services purchased by businesses with annual revenue of $100 million or more. This includes sponsorships and various forms of advertising such as television, digital, radio, billboard, and print. The Department of Revenue is authorized to create rules to implement this change, which must follow the Uniform Administrative Procedures Act. The act takes effect on January 1, 2027, for all purposes and immediately for rule promulgation purposes.