Sen. Taylor's amendment to extend sales-tax exemption for building materials cleared by subcommittee with negative recommendation Senate Bill 2042, as amended by Senator Taylor, would extend through Dec. 31, 2032 a sales-and-use-tax exemption for qualified building materials used in capital investment projects for warehouse and distribution facilities; the subcommittee recorded a $7.4 million first-year foregone revenue and issued a negative recommendation.

Senator Taylor's amendment to extend the sales-tax exemption for building materials could mean a $7.4 million hit to state revenue, sparking heated debate in Tennessee!

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