House Bill 162, also known as Senate Bill 198, proposes an amendment to Tennessee Code Annotated, specifically Section 67-1-202(a)(7), regarding the submission of annual reports. The bill introduces new language that allows for the annual report to be sent in electronic format to the state board of equalization, thereby modernizing the reporting process and potentially increasing efficiency.

The act is set to take effect immediately upon becoming law, emphasizing the importance of the changes for public welfare. This amendment reflects a shift towards embracing technology in governmental processes, facilitating easier access and submission of necessary documentation.

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