SB2488 — Taxes, Sales - As introduced, deletes the additional state tax of 2.75 percent applied to the amount of single articles in excess of $1,600 but less than or equal to $3,200; authorizes local governments to impose a local tax up to 2.75 percent on such amount. - Amends TCA Title 67; Chapter 72 of the Public Acts of 2011; Chapter 157 of the Public Acts of 2019; Chapter 193 of the Public Acts of 2015; Chapter 452 of the Public Acts of 2017; Chapter 480 of the Public Acts of 2013; Chapter 530 of the Public Acts of 2009 and Chapter 602 of the Public Acts of 2007.

SB2488 — Taxes, Sales - As introduced, deletes the additional state tax of 2.75 percent applied to the amount of single articles in excess of $1,600 but less than or equal to $3,200; authorizes local governments to impose a local tax up to 2.75 percent on such amount. - Amends TCA Title 67; Chapter 72 of the Public Acts of 2011; Chapter 157 of the Public Acts of 2019; Chapter 193 of the Public Acts of 2015; Chapter 452 of the Public Acts of 2017; Chapter 480 of the Public Acts of 2013; Chapter 530 of the Public Acts of 2009 and Chapter 602 of the Public Acts of 2007. · Informed CitizenrySB2488 amends the Tennessee Code to change the threshold for sales taxes on single articles of personal property. Specifically, it deletes the 2.75 percent state tax applied to the amount of single…Open in Informed Citizenry