SB382 — Taxes - As introduced, deletes exemption from sales and use tax for industrial machinery; deletes credit against franchise and excise tax liability for industrial machinery purchases. - Amends TCA Title 67, Chapter 4 and Title 67, Chapter 6.

SB382 — Taxes - As introduced, deletes exemption from sales and use tax for industrial machinery; deletes credit against franchise and excise tax liability for industrial machinery purchases. - Amends TCA Title 67, Chapter 4 and Title 67, Chapter 6. · Informed CitizenrySB382 amends the Tennessee Code to remove certain tax exemptions and credits related to industrial machinery. Specifically, the bill deletes the definition of "industrial machinery" from the tax co…Open in Informed Citizenry