SB 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
SB 526
SUMMARY OF BILL: Authorizes a request for an extension of time to file a business tax
return and provide payment to be signed by the person or the person’s authorized representative.
FISCAL IMPACT:
NOT SIGNIFICANT
Assumptions:
• Pursuant to Tenn. Code Ann. § 67-4-718:
o The Commissioner of the Department of Revenue (DOR) may grant an extension
of time not exceeding 30 days for a taxpayer to file their business tax return and pay
the amount due; and
o A request for extension must be in writing, detailing the reasons for the request,
signed, and submitted prior to the delinquent date of the return and tax.
• According to DOR, the Department currently accepts requests signed by either the
taxpayer or the taxpayer’s authorized representative; 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