AN ACT to amend Tennessee Code Annotated, Title 57 and Title 67, relative to taxes.
Summary
SB0994 is a short tax bill that repeals Tennessee Code Annotated, Section 67-4-114. The bill does not add a new tax program or create a replacement provision; instead, it simply deletes the existing section from the tax code. Because the text only identifies the section to be removed and contains no further explanation, the specific tax affected must be inferred from the statute being repealed rather than from the bill text itself.
The practical effect of the bill is to remove the referenced statutory provision from Title 67, which governs taxation. That means any tax rule, exemption, credit, or administrative requirement contained in Section 67-4-114 would no longer be part of Tennessee law once the act takes effect. The bill takes effect immediately upon becoming law, reflecting an intent for prompt implementation.
Impact
By deleting Tennessee Code Annotated, Section 67-4-114, SB0994 would amend the state tax code by eliminating the legal authority contained in that section. The bill affects state tax administration and any taxpayers, businesses, or other parties governed by the repealed provision, but the provided text does not specify the substantive subject of the section being removed. The act applies statewide and becomes effective immediately upon enactment.
Sentiment
There is no recorded committee discussion or vote history in the provided materials, so the bill’s reception cannot be measured from debate or roll-call data. Based on the text alone, SB0994 appears to be a straightforward technical or policy repeal measure with no visible amendments or competing provisions. The absence of recorded opposition or support in the supplied context leaves the overall sentiment indeterminate, though the bill’s brevity suggests a relatively narrow legislative purpose.
Contention
No specific points of contention are documented in the provided transcripts or voting history because none were supplied. The only identifiable issue is the repeal of Section 67-4-114 itself, which could be controversial if that section provides a tax benefit, exemption, or regulatory rule for a particular industry or taxpayer group. Without committee testimony or votes, it is not possible to attribute any objections or support to named stakeholders.