Senate Bill 557 amends various sections of the Tennessee Code Annotated related to the nursing home assessment, primarily by extending deadlines and payment periods by one year. Specifically, the bill changes references from "FY 2024-2025" to "FY 2025-2026" and adjusts the timeframes for assessments and payments from July 1, 2024, through June 30, 2025, to July 1, 2025, through June 30, 2026. This includes multiple subdivisions within Section 71-5-1003, which detail the payment schedules and assessment periods for nursing homes.

Additionally, the bill modifies Section 71-5-1010 by changing the deadline from "June 30, 2025" to "June 30, 2026." The overall effect of these amendments is to provide an additional year for compliance and payment related to nursing home assessments, with the act set to take effect on July 1, 2025.

Statutes affected:
Introduced: 71-5-1002, 71-5-1003, 71-5-1010