Senate Bill 496, also known as House Bill 560, proposes an amendment to Tennessee Code Annotated, specifically Section 67-4-1704(d), which pertains to taxation. The bill introduces new language that states, "and the list is subject to such restrictions on use as determined by the commissioner," which will be added immediately after the phrase "extended period." This change aims to clarify the authority of the commissioner regarding the use of the list mentioned in the existing law.

The bill is set to take effect upon becoming law, emphasizing the urgency of the amendment for the public welfare. The inclusion of the new language is intended to provide clearer guidelines on the restrictions that may be applied to the list, thereby enhancing regulatory oversight in taxation matters.

Statutes affected:
Introduced: 67-4-1704(d), 67-4-1704