SB0036 amends Tennessee tax laws to exempt child care agencies from taxes and allocates specific tax revenue for these agencies.

SB0036 amends Tennessee tax laws to exempt child care agencies from taxes. It adds a new subdivision to the tax code for child care agencies and removes outdated references. The bill also specifies that revenue from the increase in the sales and use tax rate will not be distributed to counties and municipalities for child care services. Instead, this revenue will continue to be allocated as previously defined.

SB0036 amends Tennessee tax laws to exempt child care agencies from taxes and allocates specific tax revenue for these agencies.

SB0036 amends Tennessee tax laws to exempt child care agencies from taxes. It adds a new subdivision to the tax code for child care agencies and removes outdated references. The bill also specifies that revenue from the increase in the sales and use tax rate will not be distributed to counties and municipalities for child care services. Instead, this revenue will continue to be allocated as previously defined.