Exempts the first $20 of sales price on tangible personal property paid for with physical cash from sales tax.
This bill amends Tennessee sales and use tax law to exempt the first $20 of the sales price on tangible personal property when paid for with physical cash. The exemption applies to physical, tangible coins, paper money, and notes. This exemption does not apply to taxes imposed by other laws. The change takes effect July 1, 2025.
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