Tennessee SB1315 reduces the state administration fee on tax collection from 1.125% to 0.75%.
Tennessee SB1315 amends several sections of the Tennessee Code Annotated to reduce the state administration fee on tax collection from 1.125% to 0.75%. This change applies to tax collections received on or after July 1, 2025. The bill modifies the fee in various sections, including 67-4-724, 67-4-1506, 67-4-3203, 67-6-710, and 67-7-110. The new fee rate will be 0.75%, with the proceeds remitted to the county, city, or town levying the tax, minus the 0.75% fee to cover administrative expenses.
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- Critical Issues
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