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Commission approves report recommending tiered vendor compensation approach; urges pause on card‑fee changes
2212563 · January 31, 2025
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Summary
Commission approved a final report on vendor compensation for sales and use tax collection that recommends a tiered rate and cap structure if Tennessee reinstates vendor compensation and recommends waiting on action regarding exclusion of sales tax from payment‑card fees until litigation in other states resolves.
The commission approved a final report on the costs to businesses of collecting and remitting state and local sales and use taxes and on vendor compensation options.
Senior research associate Michael Strickland (presenting) said the report responded to Public…
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