AN ACT to amend Tennessee Code Annotated, Title 4; Title 7; Title 9; Title 13 and Title 67, relative to tax incentives.
Impact
The implications of HB2150 could significantly impact the administration of tax incentives in Tennessee. By extending certain timelines associated with tax provisions, the bill aims to provide businesses with additional time to comply with tax regulations, potentially easing the burden on enterprises that may struggle with strict deadlines. This could foster an environment conducive to business growth and attract new investments into the state.
Summary
House Bill 2150 seeks to amend several sections of the Tennessee Code Annotated, particularly focusing on tax incentives. The intent of this bill includes changes to improve and clarify tax regulations that impact businesses and commercial entities operating within the state. One of the notable adjustments in the bill is the alteration of a specific timeline from five days to ten days, which may relate to notification or compliance periods regarding tax-related processes.
Contention
While the bill appears to offer beneficial changes to state tax provisions, discussions surrounding its introduction may include various points of contention. Stakeholders, including business owners and local government representatives, might express differing views on the effectiveness and necessity of extending timelines. Proponents may argue that the changes facilitate a more business-friendly climate, while critics might raise concerns regarding the adequacy of oversight and compliance within the extended periods.
AN ACT to amend Tennessee Code Annotated, Title 4; Title 5; Title 6; Title 7; Title 9; Title 13; Title 48 and Title 67, relative to property tax incentives to encourage economic and community development.
AN ACT to amend Tennessee Code Annotated, Title 4; Title 5; Title 6; Title 7; Title 9; Title 13; Title 48 and Title 67, relative to property tax incentives to encourage economic and community development.
AN ACT to amend Tennessee Code Annotated, Title 4; Title 5; Title 6; Title 7; Title 8; Title 9; Title 10; Title 11; Title 12; Title 13; Title 49; Title 54; Title 55; Title 64; Title 67 and Title 68, relative to property taxes.
AN ACT to amend Tennessee Code Annotated, Title 4; Title 5; Title 6; Title 7; Title 8; Title 9; Title 10; Title 11; Title 12; Title 13; Title 49; Title 54; Title 55; Title 64; Title 67 and Title 68, relative to property taxes.
AN ACT to amend Tennessee Code Annotated, Title 4; Title 5; Title 6; Title 7; Title 9; Title 13; Title 65; Title 67 and Title 68, relative to utilities.