Tennessee Senate Bill SB2925

Tennessee 2023-2024 Regular Session

• Introduced: 2/1/24

Caption

AN ACT to amend Tennessee Code Annotated, Title 5; Title 11; Title 12; Title 43 and Title 67, relative to tax credits.

Impact

The legislation could have significant implications for how tax credits are managed and reported in Tennessee. By permitting electronic delivery of reports, it stands to simplify the processes involved for both state authorities and taxpayers. This change is particularly relevant in an era where digital solutions are increasingly sought to improve governmental operations and reduce bureaucratic overhead.

Summary

Senate Bill 2925 aims to amend several sections of the Tennessee Code Annotated, specifically regarding tax credits. The bill introduces provisions which allow for electronic delivery of tax-related reports, thereby modernizing and streamlining current processes within the state's taxation framework. This amendment is positioned as a move towards enhancing efficiency in both administrative and compliance aspects of tax reporting.

Contention

While the bill seems straightforward, discussions surrounding the amendment might indicate underlying tensions regarding the extent of digital transformation in state administration. Advocates for the bill underscore the need for modernization that aligns with technological advancements in public service, while opponents may raise concerns about data security or the potential for diminished oversight in electronic processes. Although specific points of contention were not detailed in the snippets, the balance between efficiency and security is often a hot topic in legislative contexts.