This bill authorizes the Lauderdale County Revenue Commissioner to implement procedures for the electronic filing of business personal property tax returns. It stipulates that electronic returns must contain the same information as paper returns and comply with existing electronic filing procedures. Additionally, starting October 1, 2025, the Revenue Commissioner may mandate electronic filing for businesses engaged in leasing personal property, those with assets of $10,000 or more, or returns prepared by third-party tax preparers. A temporary exemption may be granted for good cause.

The bill also requires the Revenue Commissioner to provide training and assistance to taxpayers regarding the electronic filing process. This new provision is intended to streamline the reporting, assessment, and payment of business personal property taxes in Lauderdale County. The act will take effect on June 1, 2025. There are no deletions from current law noted in the text provided.