AN ACT to amend Tennessee Code Annotated, Title 67, relative to taxation.
The bill's impact centers around the reduction in the specified timeframe for whatever tax-related procedures it addresses. By decreasing this timeframe, SB1135 could facilitate quicker compliance or response times for taxpayers or tax authorities, hinting at an effort to improve efficiency in tax administration. As it modifies existing tax law, the bill may disrupt current practices, mandating taxpayers and officials to adapt to the new timelines, which could have varying implications on how taxes are administered or collected in the state.
Senate Bill 1135, proposed by Senator Watson, aims to amend the Tennessee Code Annotated, specifically Title 67, which deals with taxation. The primary change introduced by this bill involves altering the duration from 'ninety (90) days' to 'sixty (60) days' in a specified provision. This adjustment is likely intended to streamline certain processes within the tax legislation framework in Tennessee, although the details of what this duration pertains to were not provided in the available text.
While the text did not showcase explicit points of contention around SB1135, altering established procedures often invites scrutiny and debate among stakeholders. Potential concerns could arise regarding whether the reduction in timeframes may lead to challenges in compliance or operational burdens on both taxpayers and tax administration personnel. This bill could be positioned differently based on the perspectives of various interest groups, such as business associations versus individual taxpayers, who might have differing views on the implications of such changes.