Press Release from House Minority Leader Gary Odom, D-Nashville, May 14, 2010:
Tax relief through September on appliances, building materials
(Nashville) — House Democratic Leader Gary Odom proposed a measure Friday that would provide for tax exemptions on appliances and building materials for families who suffered flood damage earlier this month.
Tennesseans that qualify for Federal Emergency Management Agency assistance authorized by President Barack Obama, under the measure, could buy appliances and building materials tax free through September.
“After several meetings with constituents, I believe that this is absolutely necessary in providing relief for our citizens that were devastated by the recent flooding disaster,” said Odom (D-Nashville). “It is the least we can do to help our neighbors and friends get back on their feet.”
This measure would not have a negative effect on the budget because the sales tax collected on appliances and building materials bought by flooding victims would not have been collected in the first place if it weren’t for the recent disaster, Odom said.
The proposal will be under consideration in the coming weeks as the state Legislature wraps up the budgeting process for the year.
“I’m going to be working with my colleagues in the coming days to put together the votes to make this a reality for those who have lost so much here in our state,” Odom said.