SB1426 — Taxes, Sales - As introduced, allows retailers to deduct bad debt written off by a lender from a private label credit card account on the retailer's sales tax return under certain conditions. - Amends TCA Section 67-6-507.

SB1426 — Taxes, Sales - As introduced, allows retailers to deduct bad debt written off by a lender from a private label credit card account on the retailer's sales tax return under certain conditions. - Amends TCA Section 67-6-507. · Informed CitizenrySB1426 amends Tennessee Code Annotated Section 67-6-507 to allow dealers to claim a deduction or refund of sales tax previously reported on unpaid balances of private label credit card accounts tha…Open in Informed Citizenry