House Bill 526, sponsored by Scarbrough, proposes an amendment to the Business Tax Act within the Tennessee Code Annotated. Specifically, it modifies Section 67-4-715(g) by deleting the phrase "two (2) calendar months" and replacing it with "sixty (60) calendar days." This change aims to adjust the time frame referenced in the existing law.

The bill is set to take effect on July 1, 2025, emphasizing the importance of this amendment for the public welfare. The alteration in the time frame may impact how businesses comply with tax regulations in Tennessee, streamlining the process to a more precise duration.

Statutes affected:
Introduced: 67-4-715(g), 67-4-715