Tennessee Senate Bill SB1406

Tennessee 2023-2024 Regular Session

• Introduced: 2/1/23

Caption

AN ACT to amend Tennessee Code Annotated, Title 57, Chapter 5; Title 57, Chapter 6 and Title 67, Chapter 4, relative to the barrelage tax.

Impact

The proposed amendments in SB1406 are expected to alter the administrative protocols related to the barrelage tax, which is a crucial source of revenue for the state. By involving the office of legislative budget analysis in the oversight role, the bill could lead to enhanced transparency and better fiscal management of the funds collected through this tax. Such reforms may improve accountability in the usage of barrelage tax revenues, potentially influencing future budgetary allocations and fiscal policies in Tennessee.

Summary

Senate Bill 1406 aims to amend various sections of the Tennessee Code Annotated, specifically focusing on the barrelage tax provisions. It proposes a modification in the administrative structure concerning the management and oversight of the barrelage tax, emphasizing the inclusion of the office of legislative budget analysis alongside the existing roles of the speakers of the house of representatives and senate. This change is anticipated to streamline the oversight process for the barrelage tax, ensuring a more robust framework for tax management in Tennessee.

Contention

Notably, the bill's provisions could provoke debate among stakeholders regarding the implications of altering established roles in tax management. Some legislators might argue that including the office of legislative budget analysis could create bureaucratic hurdles, while others may contend it will enhance oversight and ensure that revenues are allocated effectively. Thus, the discussions surrounding SB1406 may reveal differing perspectives on how best to manage state taxes while addressing public welfare under the constraints of existing state law.