The legislature has agreed to extend the availability of state sales tax refunds to Tennesseans whose homes were damaged by last May’s devastating floods.
The legislature last year granted sales tax refunds on purchases of appliances, furnishings and building materials for flood victims. The House joined the Senate Monday in extending the original filing deadline until June 30 for all Tennesseans who qualified for Federal Emergency Management Agency assistance.
“I have been in contact with many people who were unable to rebuild their homes before last year’s deadline,” said Rep. Gary Odom, D-Nashville. “Now they too will be able to benefit from this flood relief.”
The proposal provides for tax refunds on household appliances up to $3,200 per item, building materials up to $500 per item and furnishings up to $3,200 per item. The refunds are capped at $2,500 per household. Also, a $25,000 fine would be imposed on anyone who fraudulently applies for the assistance.
Additionally, homeowners who did file for the tax refunds last year but did not reach the $2,500 threshold may file an additional claim on any new purchases they have made since the original deadline, provided they do not exceed the $2,500 limit in total refunds.