Revenue, Dept. of - As enacted, reduces from 1.125 percent to 0.75 percent the administrative fee percentage the department takes from the proceeds of the business tax, short-term rental unit occupancy tax, local tax surcharge, coal severance tax, and local option sales tax to assist in defraying the expenses of administration and collection, before remitting proceeds to the appropriate county, city, or town. - Amends TCA Title 67, Chapter 4; Title 67, Chapter 6 and Title 67, Chapter 7.

SB 1315 reduces the administrative fee Tennessee's Department of Revenue charges on several local taxes - from 1.125% to 0.75% - to cover the costs of collecting and distributing the tax proceeds. This directly affects counties, cities, and towns that collect business taxes, short-term rental occupancy taxes, local sales tax surcharges, coal severance taxes, and local option sales taxes. The bill modifies specific sections of Tennessee law to implement this lower fee rate, ensuring more tax revenue reaches local governments after administrative costs are covered. The change applies to tax collections received on or after July 1, 2025.