Taxes - As introduced, requires the commissioner of revenue to report to the general assembly on an annual basis, beginning July 1, 2027, the amount of sales and use tax refunds on purchases of major appliances, residential furniture, and residential building supplies issued to persons receiving federal disaster assistance. - Amends TCA Title 4; Title 9; Title 12; Title 54; Title 55 and Title 67.

SB 2475 requires Tennessee's Commissioner of Revenue to annually report to the General Assembly, starting July 1, 2027, the total amount of sales and use tax refunds issued to individuals receiving federal disaster assistance for major appliances, residential furniture, and residential building supplies. This bill amends multiple Tennessee Code sections to establish this reporting requirement. The key mechanism is a mandatory annual data collection and disclosure process for the state tax authority. The bill directly affects the Commissioner of Revenue, who must compile and submit this specific financial data, and the General Assembly, which will receive the annual reports.