Taxes, Exemption and Credits - As introduced, establishes a sales tax holiday for the retail sale of firearms and ammunition during the period of July 3-6, 2026. - Amends TCA Title 67, Chapter 6, Part 3.

HB 1505 creates a temporary sales tax exemption for firearms and ammunition sold in Tennessee between July 3 and July 6, 2026. This bill directly affects retailers selling these items during that specific four-day period, as they would not collect state sales tax on those transactions. The key provision amends Tennessee's tax code to exclude firearms and ammunition from the sales tax during the designated holiday window. The exemption applies only to retail sales during the July 3-6, 2026 period, with no other changes to tax policy.