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Tennessee sales tax basics: rates, resale certificates and use tax explained
Summary
Department presenters reviewed state and local sales tax rates, what is taxable (tangible personal property vs. most services), resale certificates, use tax and tools for determining local rates and exemptions.
At a Department of Revenue new-business webinar, presenters covered the essentials of Tennessee sales and use tax, including which sales are taxable, how local rates are applied and how businesses should use and retain resale and exemption certificates.
Katie Julian explained the dual structure of Tennessee sales tax: a general state rate (7%) plus a variable local rate (up to 2.75), with a reduced state rate for food and a special treatment for specified digital products. "Sales tax is the principal source of revenue in this state," Julian said, and noted that most businesses collecting sales tax must register and file through…
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