Tennessee Senate Bill SJR0331

Tennessee 2025-2026 Regular Session

• Introduced: 3/26/25

Caption

A RESOLUTION to recognize and thank Tennessee's retailers for collecting sales taxes for the State.

Impact

The resolution also addresses the issues related to transaction fees that retailers incur. When consumers use credit and debit cards for purchases, transaction fees are charged on the total amount, which includes the sales tax. This aspect is crucial because the sales tax portion is intended for state benefit, but retailers bear the transaction costs associated with that tax. By recognizing this financial burden, the resolution sheds light on the economic challenges faced by retailers, especially small businesses, who must manage these additional fees while ensuring compliance with tax collection requirements.

Summary

SJR0331 is a resolution recognizing the role and contributions of Tennessee's retailers in collecting sales taxes for the state. The resolution highlights that Tennessee retailers collected and remitted a significant amount of fourteen billion dollars in sales taxes in 2024. This effort is mandated by the state, which relies on retailers to facilitate the collection of sales tax from consumers at the point of sale. By acknowledging this, the resolution aims to express gratitude for the essential function retailers serve in the state’s revenue system.

Contention

While the resolution itself may not present significant legislative contention, it does implicitly raise awareness about the costs of sales tax collection on businesses. In a broader context, discussions surrounding sales tax regulations and the responsibilities of retailers may spark debates about how the state can support its businesses better. The resolution is an acknowledgment that might lead to further inquiry into how transaction fees can be managed or adjusted in a fair manner, promoting a collaborative approach between the state and its retailers.