Public Chapter 385
SENATE BILL NO. 726
Substituted for: House Bill No. 1069
AN ACTTo amend Tennessee Code Annotated, Section 67-6-102(28), relative to the taxation of tangible personal property.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. Tennessee Code Annotated, Section 67-6-102(28), is amended by adding the following sentence between the existing first and second sentences:
Notwithstanding any other provision of law to the contrary, any sale of a prepaid telephone calling card and/or a prepaid authorization number shall be deemed the sale of tangible personal property subject only to such taxes as are imposed on the sale of tangible personal property.
SECTION 2. This act shall take effect upon becoming a law, the public welfare requiring it and shall be void and of no effect after June 30, 1999.