HB 526
FISCAL NOTE
Fiscal Review Committee
Tennessee General Assembly
February 1, 2025
Fiscal Analyst: Elizabeth Bransford | Email: elizabeth.bransford@capitol.tn.gov | Phone: 615-741-2564
HB 526
SUMMARY OF BILL: Authorizes the Commissioner of the Department of Revenue
(DOR) to change the due date of a taxpayer’s business tax return to a date that is not less than 60
calendar days, rather than two calendar months, following the end of the taxpayer’s business tax
period.
FISCAL IMPACT:
NOT SIGNIFICANT
Assumptions:
• Modifying the due date that the Commissioner of DOR is authorized to change, from a
variable length of time to a fixed length of time, following the end of a taxpayer’s business
tax period will not significantly impact DOR’s operations or state revenue.
• Therefore, any fiscal impact is estimated to be not significant.
CERTIFICATION:
The information contained herein is true and correct to the best of my knowledge.
Bojan Savic, Executive Director