SB1126 — Taxes, Sales - As introduced, reduces from 1.125 percent to 0.5 percent the percentage the department of revenue keeps from the proceeds from the local option sales tax to defray the state's expenses in administering, collecting, and remitting local sales taxes. - Amends TCA Title 67, Chapter 6.

SB1126 — Taxes, Sales - As introduced, reduces from 1.125 percent to 0.5 percent the percentage the department of revenue keeps from the proceeds from the local option sales tax to defray the state's expenses in administering, collecting, and remitting local sales taxes. - Amends TCA Title 67, Chapter 6. · Informed CitizenryThis bill amends Tennessee Code Annotated Title 67, Chapter 6 to change the administrative fee the Department of Revenue retains from local option sales tax proceeds. The bill reduces the percentag…Open in Informed Citizenry