Taxes, Sales - As introduced, exempts from sales tax, the first $20 of the sales price on a sale of tangible personal property paid for with physical cash declared legal tender, including gold and silver. - Amends TCA Title 67, Chapter 6, Part 3.

HB 1247 exempts the first $20 of the sales price for everyday items paid with physical cash (including coins, paper money, and physical gold or silver) from Tennessee's sales tax. This directly affects consumers who pay cash for small purchases under $20, such as groceries or minor goods. The bill amends Tennessee's sales tax code to create this specific exemption, which does not apply to other taxes like vehicle or luxury taxes. The exemption takes effect July 1, 2025, and applies only to transactions using physical cash, not credit or debit cards.