SB 2508 - Establishes Requirement for the State IRS to Report Ticket Sales Publicly - Tennessee Key Vote
Timeline
- House Bill Passed
- April 16, 2024
- Senate Bill Passed
- April 11, 2024
- Introduced
- Jan. 31, 2024
Related Issues
Stage Details
Title: Establishes Requirement for the State IRS to Report Ticket Sales Publicly
Vote Smart's Synopsis:
Vote to Pass a bill to require the IRS to report local theatre ticket sales.
Highlights:
-
Requires the department to report to the finance Ways and Means Committees of the House of Representatives and the Senate the total amount of money received in the 2023 and 2024 fiscal years from sales of tickets, fees, or other charges made for admissions to performance venues in the state (Sec. 1).
-
Expands this report to include the revenue effect of extending the exemption of dues, fees, and other charges made on or for the admission to the public of television, film, radio, or theatrical presentations held at performance venues (Sec. 1).
-
Authorizes this act to take effect upon becoming law (Sec. 2).
Title: Establishes Requirement for the State IRS to Report Ticket Sales Publicly
Vote Smart's Synopsis:
Vote to Pass a bill to require the IRS to report local theatre ticket sales.
Highlights:
-
Requires the department to report to the finance Ways and Means Committees of the House of Representatives and the Senate the total amount of money received in the 2023 and 2024 fiscal years from sales of tickets, fees, or other charges made for admissions to performance venues in the state (Sec. 1).
-
Expands this report to include the revenue effect of extending the exemption of dues, fees, and other charges made on or for the admission to the public of television, film, radio, or theatrical presentations held at performance venues (Sec. 1).
-
Authorizes this act to take effect upon becoming law (Sec. 2).
Title: Establishes Requirement for the State IRS to Report Ticket Sales Publicly