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TN HB1365

TN HB1365
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, changes from March 31 to March 1, the date by which the department of transportation must transmit to the governor and speakers of both houses its annual report listing the litter prevention programs receiving funds from the 0.4 percent increase in the gross receipts tax on bottled soft drinks, the amount of funds received by the programs, and the purpose for which the funds were spent. - Amends TCA Title 67.

AI Summary

This bill modifies a specific section of Tennessee tax law by changing the annual reporting deadline for the Department of Transportation from March 31 to March 1. The report in question relates to litter prevention programs funded by a 0.4 percent increase in the gross receipts tax on bottled soft drinks. Specifically, the bill amends Tennessee Code Annotated, Section 67-4-402(b)(2), requiring the department to submit its annual report to the governor and speakers of both legislative houses 30 days earlier than the current requirement. The bill will take effect immediately upon becoming law, with the legislation stating that the public welfare requires its prompt implementation. While seemingly minor, this change could potentially allow for earlier review and planning of litter prevention program funding by state leadership.

Sponsors (1)

Last Action

P2C, caption bill, held on desk - pending amdt. (on 02/12/2025)

bill text


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