| 4 | 3 | | |
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| 5 | 4 | | HOUSE BILL 733 |
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| 6 | 5 | | By Crawford |
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| 7 | 6 | | |
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| 8 | 7 | | |
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| 9 | 8 | | HB0733 |
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| 10 | 9 | | 002828 |
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| 11 | 10 | | - 1 - |
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| 12 | 11 | | |
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| 13 | 12 | | AN ACT to amend Tennessee Code Annotated, Title 67, |
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| 14 | 13 | | Chapter 5, relative to property tax appeals. |
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| 15 | 14 | | |
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| 16 | 15 | | BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE: |
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| 17 | 16 | | SECTION 1. Tennessee Code Annotated, Section 67-5-1412(b)(2), is amended by |
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| 18 | 17 | | deleting the subdivision and substituting instead the following: |
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| 19 | 18 | | (2) Notwithstanding subdivision (b)(1) or another law to the contrary, a taxpayer |
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| 20 | 19 | | or owner may appeal the valuation of industrial and commercial real and tangible |
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| 21 | 20 | | personal property to the local board of equalization, or directly to the state board of |
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| 22 | 21 | | equalization. A direct appeal to the state board of equalization must be filed before |
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| 23 | 22 | | August 1 of the tax year, and the taxpayer shall indicate that the appeal is a direct |
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| 24 | 23 | | appeal to the state board of equalization. |
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| 25 | 24 | | SECTION 2. Tennessee Code Annotated, Section 67-5-1512(b)(3), is amended by |
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| 26 | 25 | | deleting the subdivision and substituting instead the following: |
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| 27 | 26 | | (3) If the full tax due is paid, the city or county collecting official may decline to |
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| 28 | 27 | | accept the disputed portion of tax. If a city or county collecting official declines to accept |
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| 29 | 28 | | the disputed portion of tax in accordance with this subdivision (b)(3), then the official |
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| 30 | 29 | | shall send a written notice to the taxpayer by registered or certified mail, with return |
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| 31 | 30 | | receipt requested, that explains the reason for declining to accept the disputed portion of |
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| 32 | 31 | | tax. If the city or county collecting official fails to send the required notice within seven |
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| 33 | 32 | | (7) calendar days of the decline to accept the disputed portion of tax, then the official |
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| 34 | 33 | | shall accept the disputed portion of tax tendered by the taxpayer. Any disputed portion |
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| 35 | 34 | | of tax declined by the city or county collecting official is not delinquent for any purpose |
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| 36 | 35 | | |
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| 37 | 36 | | |
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| 38 | 37 | | - 2 - 002828 |
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| 39 | 38 | | |
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| 40 | 39 | | while an appeal of the assessment is pending before the county or state boards of |
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| 41 | 40 | | equalization. |
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| 42 | 41 | | SECTION 3. Tennessee Code Annotated, Section 67-5-1512(c), is amended by |
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| 43 | 42 | | deleting the subsection and substituting instead the following: |
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| 44 | 43 | | (c) If the city or county collecting official declines to accept the disputed portion |
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| 45 | 44 | | of the tax, then interest must not accrue on the disputed portion from the delinquency |
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| 46 | 45 | | date until thirty (30) days after issuance of the final assessment certificate of the state |
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| 47 | 46 | | board of equalization and until the undisputed portion is paid. |
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| 48 | 47 | | SECTION 4. This act takes effect upon becoming a law, the public welfare requiring it. |
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