SB368 — Taxes, Exemption and Credits - As introduced, exempts contractors and subcontractors from the sales or use tax on construction materials if the materials are purchased by a local education agency and are used in local education agency construction, in same manner contractors of churches and private, nonprofit colleges and universities are so exempt. - Amends TCA Section 67-6-209.

SB368 — Taxes, Exemption and Credits - As introduced, exempts contractors and subcontractors from the sales or use tax on construction materials if the materials are purchased by a local education agency and are used in local education agency construction, in same manner contractors of churches and private, nonprofit colleges and universities are so exempt. - Amends TCA Section 67-6-209. · Informed CitizenryThis bill amends Tennessee Code Annotated, Section 67-6-209, regarding sales and use tax exemptions. It modifies subsection (b) to state that a contractor or subcontractor using tangible personal p…Open in Informed Citizenry