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.

SB 1095 exempts the first $20 of the sales price for tangible personal property (like everyday items) when paid with physical cash, including gold and silver coins. It directly affects consumers making small cash purchases, reducing their sales tax burden on the initial $20 of each transaction. The exemption does not apply to other taxes (such as those on vehicles or specific services) or payments made with credit/debit cards. The bill takes effect July 1, 2025, and would require retailers to adjust cash transaction tax calculations for eligible purchases.