House Bill 162, sponsored by Gant, amends Tennessee Code Annotated, specifically Section 67-1-202(a)(7), to allow for the annual report to be sent in electronic format to the state board of equalization. This addition aims to modernize the reporting process and enhance efficiency in tax administration.

The bill is set to take effect immediately upon becoming law, emphasizing the importance of timely implementation for the public welfare. This change reflects a broader trend towards digitalization in governmental processes, facilitating easier access and submission of necessary documentation.

Statutes affected:
Introduced: 67-1-202(a)(7), 67-1-202