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TN SB1328

TN SB1328
AN ACT to amend Tennessee Code Annotated, Title 67, relative to taxation.


summary

Introduced
02/06/2025
In Committee
Crossed Over
Passed
Dead

Introduced Session

114th General Assembly

Bill Summary

As introduced, extends from December 31 to January 15, the date by which the department of finance and administration must annually report in writing to the chairs of the committees of both houses having subject matter jurisdiction over finance-related matters and transportation matters, the total amount of aviation fuel tax revenues collected for the preceding fiscal year. - Amends TCA Title 67.

AI Summary

This bill amends Tennessee Code Annotated, Section 67-6-217(d), which relates to the annual reporting of aviation fuel tax revenues. Specifically, the bill extends the deadline for the Department of Finance and Administration to submit its annual written report from December 31 to January 15. This change gives the department an additional two weeks to compile and report the total amount of aviation fuel tax revenues collected during the preceding fiscal year to the chairs of the legislative committees responsible for finance and transportation matters. The purpose appears to be providing state financial officials with more time to prepare and submit an accurate and comprehensive report. The bill will take effect immediately upon becoming law, as stated in Section 2, which emphasizes that the public welfare requires its prompt implementation.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Refer to Senate Finance, Ways & Means Committee w/ negative recommendation (on 03/18/2025)

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