Tennessee Sales and Use Tax

Voters in Fayette County, Tennessee, approved a referendum that increases the local sales tax rate from 2.25% to 2.75% effective April 1, 2015. The rate applies to all taxable sales of tangible personal property made on or after April 1, 2015, as well as to sales of taxable services by sellers. The corresponding local consumer use tax rate also increases to 2.75% effective April 1, 2015.

Hilco’s Property Tax practice is actively involved is sales and use tax audits for our clients. These audits prove to be very fruitful as many vendors impose sales tax on items which clients pay the state use taxes. Our audit identifies these double taxation issues through reviewing receipts and then applies for refunds to the state DOR.