SB 1155 - HB 1361
FISCAL NOTE
Fiscal Review Committee
Tennessee General Assembly
February 8, 2025
Fiscal Analyst: Elizabeth Bransford | Email: elizabeth.bransford@capitol.tn.gov | Phone: 615-741-2564
SB 1155 - HB 1361
SUMMARY OF BILL: Increases, from 30 to 45, the number of days the Commissioner of
the Department of Revenue (DOR) is authorized to provide a grace period for filing returns for
alcohol related taxes.
FISCAL IMPACT:
NOT SIGNIFICANT
Assumptions:
• Pursuant to Tenn. Code Ann. § 57-4-304(a), the Commissioner of DOR may for good
cause extend the deadline for filing alcohol related tax returns up to 30 days.
• The proposed legislation increases this amount of time to 45 days.
• Increasing the length of time the Commissioner of DOR may extend to file tax returns
related to alcohol will not significantly impact state revenue or DOR’s operations.
• 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