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Bill > HB2324
TN HB2324
TN HB2324AN ACT to amend Tennessee Code Annotated, Title 10, Chapter 7; Title 67, Chapter 1, Part 17; Title 67, Chapter 1, Part 18; Title 67, Chapter 1, Part 8 and Title 67, Chapter 4, Part 21, relative to audits of refunds claimed for franchise taxes.
summary
Introduced
02/02/2026
02/02/2026
In Committee
02/05/2026
02/05/2026
Crossed Over
Passed
Dead
Introduced Session
114th General Assembly
Bill Summary
As introduced, requires the comptroller of the treasury to conduct a financial audit of all franchise tax refunds claimed and received for the prior fiscal year, with the audit results to be made available on the comptroller's website; requires all franchise tax refunds paid be open to public inspection as a public record under the public records law. - Amends TCA Title 10, Chapter 7; Title 67, Chapter 1, Part 17; Title 67, Chapter 1, Part 18; Title 67, Chapter 1, Part 8 and Title 67, Chapter 4, Part 21.
AI Summary
This bill mandates that the Comptroller of the Treasury, a state official responsible for overseeing state finances, must conduct or arrange for at least one annual financial audit of all franchise tax refunds claimed and issued to taxpayers in the preceding fiscal year, with the results of these audits to be published on the Comptroller's website by December 31st of the following year. Furthermore, all franchise tax refunds paid will now be considered public records, meaning that upon request, information about these refunds, including the taxpayer's name and the total amount refunded, will be made available to the public under Tennessee's public records law, which ensures transparency and access to government information.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Assigned to s/c Public Service Subcommittee (on 02/05/2026)
bill text
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://wapp.capitol.tn.gov/apps/Billinfo/Default?BillNumber=HB2324&ga=114 |
| BillText | https://www.capitol.tn.gov/Bills/114/Bill/HB2324.pdf |
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