House Bill 526 amends the Business Tax Act in Tennessee by modifying the time frame for a specific provision in Tennessee Code Annotated, Section 67-4-715(g). The bill replaces the phrase "two (2) calendar months" with "sixty (60) calendar days," thereby shortening the duration referenced in the law.

The act is set to take effect on July 1, 2025, emphasizing the need for this change to promote public welfare. This adjustment aims to streamline the business tax process in Tennessee by providing a clearer and more concise timeline for compliance.

Statutes affected:
Introduced: 67-4-715(g), 67-4-715