Revenue, Dept. of - As enacted, reduces from 1.125 percent to 0.75 percent the administrative fee percentage the department takes from the proceeds of the business tax, short-term rental unit occupancy tax, local tax sur, the official text

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                       ~tate of \!rennessee

                          PUBLIC CHAPTER NO. 355

                                                 HOUSE BILL NO. 1329

   By Representatives Lamberth, Cochran, Garrett, Doggett, Tim Hicks, Crawford, Hawk

                                       Substituted for: Senate Bill No. 1315

                                 By Senators Johnson, Yager, Lowe, Hensley

         AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 4; Title 67, Chapter 6
and Title 67, Chapter 7, relative to state administration fee on tax collection.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:

          SECTION 1. Tennessee Code Annotated, Section 67-4-724(a)(4), is amended by
deleting "one and one hundred twenty-five thousandths percent (1.125%)" and substituting
"seventy-five hundredths percent (0.75%)".

          SECTION 2. Tennessee Code Annotated, Section 67-4-724(b)(4), is amended by
deleting "one and one hundred twenty-five thousandths percent (1.125%)" and substituting
"seventy-five hundredths percent (0.75%)".

          SECTION 3. Tennessee Code Annotated, Section 67-4-1506, is amended by deleting
"one and one hundred twenty-five thousandths percent (1.125%)" and substituting "seventy-five
hundredths percent (0.75%)".

          SECTION 4. Tennessee Code Annotated, Section 67-4-3203(d)(2), is amended by
deleting "one and one hundred twenty-five thousandths percent (1.125%)" and substituting
"seventy-five hundredths percent (0.75%)".

          SECTION 5. Tennessee Code Annotated, Section 67-6-710(b), is amended by deleting
subdivision (2) and substituting instead:

                    (2) The department shall remit the proceeds of the tax to the county, city, or town
          levying the tax, less seventy-five hundredths percent (0.75%) of the tax to cover its
          expenses of administering the collection and distribution of the tax.

          SECTION 6. Tennessee Code Annotated, Section 67-6-710, is amended by deleting
subsection (h) in its entirety.

          SECTION 7. Tennessee Code Annotated, Section 67-7-110(b), is amended by deleting
"one and one hundred twenty-five thousandths percent (1.125%)" and substituting "seventy-five
hundredths percent (0.75%)".

          SECTION 8. This act takes effect July 1, 2025, the public welfare requiring it, and
applies to tax collections received on or after that date.
                    HOUSE BILL NO. 1329

PASSED:  April 14. 2025

                                     C~-c-

                                     CAMERON SEXTON, SPEAKER
                                     HOUSE OF REPRESENTATIVES

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                                     SPEAKER OF THE SENATE

APPROVED this J_.,...),., day of  ~           2025

BILL LEE, GOVERNOR       U/J.