SB1687 — Taxes, Sales - As introduced, reduces the department of revenue's administration fee of 1.125 percent imposed on local governments for remittance of local option sales tax by 0.375 percent annually for the next three fiscal years. - Amends TCA Title 67, Chapter 6.

SB1687 — Taxes, Sales - As introduced, reduces the department of revenue's administration fee of 1.125 percent imposed on local governments for remittance of local option sales tax by 0.375 percent annually for the next three fiscal years. - Amends TCA Title 67, Chapter 6. · Informed CitizenrySB1687 amends Tennessee Code Annotated Title 67, Chapter 6 to phase out the state administration fee on local option sales taxes. The bill reduces the current 1.125% administrative fee, which is as…Open in Informed Citizenry