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Bill > SB2926


TN SB2926

TN SB2926
AN ACT to amend Tennessee Code Annotated, Title 57 and Title 67, relative to alcohol.


summary

Introduced
02/01/2024
In Committee
Crossed Over
04/04/2024
Passed
04/29/2024
Dead
Signed/Enacted/Adopted
06/03/2024

Introduced Session

113th General Assembly

Bill Summary

As enacted, requires, in the context of licensee bond payments, each holder of a license authorizing the consumption of alcoholic beverages on the premises to post with the department of revenue a bond of not less than $10,000 for purposes of ensuring proper payment of taxes in accordance with rules promulgated under the bill. - Amends TCA Title 57 and Title 67.

AI Summary

This bill amends Tennessee's alcohol laws to require each holder of a license authorizing the consumption of alcoholic beverages on the premises to post a bond of at least $10,000 with the Department of Revenue. This bond is intended to ensure the proper payment of taxes, and the Department is granted the authority to promulgate rules for implementing this new requirement. The bill takes effect on July 1, 2024.

Committee Categories

Government Affairs

Sponsors (1)

Last Action

Effective date(s) 07/01/2024 (on 06/03/2024)

bill text


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