The bill establishes provisions for the electronic filing of business personal property tax returns in Lauderdale County, allowing the Revenue Commissioner to create procedures for this process. It mandates that electronic returns must contain the same information as paper returns and adhere to the filing and signature requirements set by the Revenue Commissioner. Additionally, starting October 1, 2025, certain businesses, including those leasing personal property or with assets of $10,000 or more, will be required to file their tax returns electronically, although temporary exemptions may be granted for good cause.

Furthermore, the bill includes a provision for the Revenue Commissioner to conduct training sessions to assist taxpayers with the electronic filing process. The act is supplemental to existing laws governing the operations of the Revenue Commissioner and is set to take effect on June 1, 2025. The new legal language inserted into the bill includes the authorization for electronic filing and the specific requirements for certain businesses, while no deletions from current law are noted in the summary provided.