Senate Bill 439 amends Tennessee Code Annotated, Section 67-4-2006, by adding a new subsection that urges the Department of Revenue to study the economic impact of adjustments to net earnings and net losses as authorized by this section. The bill stipulates that if the study is conducted, the Department must report its findings and recommendations to the finance, ways and means committee of the Senate and the relevant committee in the House of Representatives by January 1, 2026.

This act is set to take effect upon becoming law, emphasizing the importance of understanding the economic implications of tax adjustments in Tennessee. The inclusion of this study requirement aims to provide lawmakers with data-driven insights to inform future tax policy decisions.

Statutes affected:
Introduced: 67-4-2006