3/17/2023 0 Comments Tn salesx tax lawTelecommunications to the extent such services are used to provide internet access service or otherwise used to access content, information, or other services offered over the internet.“Internet access” includes the following: The term “broadband communications services” is inclusive of broadcasting, distributing, sending, receiving, storing, transmitting, retransmitting, amplifying, switching, providing connectivity for, or routing communications services. § 67-6-350, sales and use tax will not apply to purchases and leases of all equipment, machinery, software, ancillary components, appurtenances, accessories, or other infrastructure that is used in whole or in part to produce broadband communications services or provide internet access. The exemption will take effect on Jand will sunset after Jand is codified via Tenn. Governor Bill Lee signed Public Chapter 1102 into law on May 31, 2022. The intent of the Act is to maximize public and private sector investments in broadband and provide incentives by means of an exemption from sales and use tax for expenditures on infrastructure used to produce broadband communications services or to provide access to the internet. In Important Notice #22-07 issued in May 2022, the Tennessee Department of Revenue (“Department”) presented details regarding the Tennessee Broadband Investment Maximization Act.
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