(NASHVILLE, TN), May 25, 2011 — Legislation that allows citizens in Monroe County to be eligible for sales tax rebates for certain replacement items damaged during the April storms was approved by the General Assembly before adjournment last week. The measure allows for citizens affected by the storms to apply for tax rebates on household appliances and furnishings up to $3,200 per item and on building materials up to $500 per item. The rebates are capped at $2,500 per household.
“Many of our local citizens are suffering great loss due to the storms,” said Senate Finance Chairman Randy McNally (R-Oak Ridge) who sponsored the measure. “I am very pleased we are able to offer this assistance which should help victims recoup some of the costs due to the storms.”
Those who suffered damages and who qualify for Federal Emergency Management Agency assistance qualify for the tax rebates under provisions of the new law. The sales tax rebate is similar to one enacted last year for victims of flooding. Under the program, storm-qualified claimants submit copies of their receipts and receive rebates of both state and local sales taxes paid due to any damages.
“Those who apply for assistance must keep their receipts and submit them in order to receive the rebate,” McNally added. “Hopefully, it will be of some help to those damaged by the storms in putting their homes back together.”
Appliances covered under the rebate program include and replacement water heaters, dishwashers, washers, dryers, refrigerators, freezers, stoves, ranges, ovens, cooktops, microwaves, vacuums, or fans. The residential building materials covered under the program include cleaning and disinfecting materials, trash bags, boxes, construction tools, hardware, roofing shingles, roofing paper, gutters, downspouts, vents, doors, windows, sheetrock, drywall, insulation, paint and paint materials if used for restoration, repair, replacement or rebuilding due to the disaster.
To receive a refund, applicants must file a single application with the Department of Revenue on or before February 29, 2012, with the aggregate amount requested for all eligible purchases. Only one application per residence is allowed. All applications for refund must include satisfactory proof of receipt of federal disaster assistance and documentation regarding Tennessee taxes paid on eligible purchases.
The application will be available after the bill is signed into law. Those who need further information after that time can call toll free (800) 342-1003 or e-mail [email protected].