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 restrictions on the use of the list mentioned in the existing law.

The bill is set to take effect as soon as it is enacted, emphasizing the urgency of the public welfare in its implementation. The amendment seeks to enhance regulatory oversight by allowing the commissioner to impose specific restrictions, thereby potentially improving the management of tax-related matters in Tennessee.

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