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TACIR draft recommends tiered vendor compensation if Tennessee reinstates sales‑tax collection payments to retailers
Summary
TACIR staff presented a draft report on vendor compensation for sales‑tax collection and card transaction (‘swipe’) fees, recommending tiered rates and a cap if the state reinstates vendor compensation and advising caution on requiring exclusion of sales tax from card fees until an Illinois test case is resolved.
TACIR staff presented a draft report on Dec. 19 that assessed the costs businesses incur collecting and remitting state and local sales taxes and compared Tennessee’s approach with other states. The study was prepared under Public Chapter 1013 (Acts of 2024).
Why it matters: The question before commissioners was whether Tennessee should reinstate vendor compensation for retailers who collect sales taxes and, separately, whether the state could require payment processors to exclude sales tax from transaction processing (card) fees.
Key findings and staff advice: Doctor Michael…
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