SB1884 — Taxes - As introduced, expands the current exemption from sales and use tax for tangible personal property held by a sole proprietorship that incorporates as a corporation, to the tangible personal property of a sole proprietorship that organizes as a limited liability company. - Amends TCA Title 67.

SB1884 — Taxes - As introduced, expands the current exemption from sales and use tax for tangible personal property held by a sole proprietorship that incorporates as a corporation, to the tangible personal property of a sole proprietorship that organizes as a limited liability company. - Amends TCA Title 67. · Informed CitizenryThis bill amends Tennessee Code Annotated Title 67 to expand an existing sales and use tax exemption. It provides that no tax is due on the tangible personal property of a sole proprietorship that…Open in Informed Citizenry