Lewisburg staff warn state audit deadline change could trigger large sales-tax withholding City Treasurer Alan Owens told the council a change to Tennessee Code Section 6-56-105(e) increases the stakes for timely municipal audits. Owens said repeated late audits could prompt the state to withhold up to 15% of the city’s annual state sales tax revenue—about $232,000—unless Lewisburg and its utility entities speed up their audit schedules.

Lewisburg faces a potential loss of $232,000 in state sales tax if municipal audits continue to be late under new Tennessee regulations!

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