House Bill 694, sponsored by Baum, proposes an amendment to Tennessee Code Annotated, specifically Section 67-1-105(a)(1), regarding taxation procedures. The bill changes the timeframe for a specific action from "within ten (10) days" to "within twelve (12) days," thereby extending the deadline for compliance.
The act is set to take effect on July 1, 2025, emphasizing the importance of the public welfare in its implementation. This adjustment aims to provide taxpayers with additional time to meet their obligations under the law.
Statutes affected: Introduced: 67-1-105(a)(1), 67-1-105