House Bill 703 amends Tennessee Code Annotated, specifically Section 67-6-408, by changing the deadline for a certain tax-related requirement. The bill deletes the phrase "December 31 each year" and replaces it with "January 15 of each year," effectively extending the deadline for compliance or reporting.

The act is set to take effect immediately upon becoming law, emphasizing the urgency of the change for the public welfare. This adjustment aims to provide taxpayers with additional time to meet their obligations under the specified tax code.

Statutes affected:
Introduced: 67-6-408