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Sales taxes are imposed only on taxable transfers of goods or services. The tax is computed as the tax rate times the taxable transaction value. Rates vary by state, and by locality within a state. [ 5] Not all types of transfers are taxable. The tax may be imposed on sales to consumers and to businesses.
The Tennessee Department of Revenue (TDOR) is an agency within the Tennessee state government that is responsible for administering the state’s tax laws and motor vehicle title and registration laws. More than 800 people work for the Department of Revenue. [1] The Department collects about 87 percent of total state revenue.
Tennesseans for Fair Taxation ( TFT) is a Tennessee political advocacy group advocating tax reform, particularly at the state level. [1] As a grassroots group of generally low and moderate income families, Tennesseans for Fair Taxation is allied with state public employee and schoolteacher groups, along with faith-based organizations and good ...
Jul. 27—Tennessee consumers look forward each year to the sales tax holiday on clothes, computers and school supplies. It's timed to back-to-school purchases, but it applies to shoppers of any ...
The state pointed to a 2012 study from National Conference of State Legislatures that was performed through the University of Tennessee and estimated that states lost US$23 billion in potential revenue from collecting of sales taxes from out-of-state vendors, with the losses only worsening by the further increase in the use of online sales. [14]
The state's general tax rate is 7%, and when combined with local taxes, reaches an average of 9.5%. The largest possible sales tax in the state is even higher, at 9.75%. What items are exempt in ...
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