AN ACT to amend Tennessee Code Annotated, Title 67, relative to taxation.
Summary
SB1295 is a narrow tax-related bill that amends Tennessee Code Annotated, Section 67-6-106 by changing a statutory date from 2030 to 2031. Based on the text alone, the measure appears to extend an existing tax provision, exemption, or phase-out deadline by one year, rather than creating a new tax policy or changing tax rates. The bill takes effect immediately upon becoming law.
Because the bill only changes a single year reference in Title 67, its practical effect is limited to preserving whatever tax treatment is tied to that deadline for an additional year. The bill does not identify the specific tax program in the text provided, but it would affect the state tax code and any taxpayers, businesses, or administrators governed by the referenced section.
Impact
The bill amends Tennessee’s tax statutes in Title 67 by extending a deadline or sunset date from 2030 to 2031 in Section 67-6-106. This likely delays the expiration or change of an existing tax provision by one year, affecting the operation of the referenced tax law and any parties subject to it, while leaving the broader tax structure unchanged.
Sentiment
There is no recorded committee transcript or vote history in the provided materials, so the bill’s sentiment cannot be directly measured from debate or roll call data. Based on the bill’s narrow, technical nature and immediate effective date, it appears to be a routine administrative tax measure rather than a controversial policy change.
Contention
No specific points of contention are documented in the provided context. The only potentially notable issue is the extension of the statutory date from 2030 to 2031, which could matter to stakeholders affected by the underlying tax provision, but no opposition or competing viewpoints are shown in the available record.