Taxes, Sales - As introduced, exempts from sales and use tax labor and service costs made as part of the sale of a taxable item of tangible personal property; exempts from sales and use tax repair and installation labor performed on tangible personal property. - Amends TCA Title 67, Chapter 6.

SB 1465 would exempt labor and service costs (including repair and installation) from Tennessee's sales and use tax when these charges are separately listed on a customer's invoice. This applies to businesses selling tangible personal property, such as appliances, furniture, or electronics, where labor costs are itemized separately from the product price. The bill amends tax code to remove these separately stated labor charges from the taxable base, meaning customers would no longer pay tax on such labor. The exemption would take effect on July 1, 2026, for most purposes.