Senate Bill 783 amends Tennessee Code Annotated, Section 67-5-2013, by adding a new subsection (b) that addresses the collection of de minimus personal property taxes, specifically those totaling less than twenty dollars ($20.00) for a specific taxpayer. Under this new provision, county trustees or other property tax collecting officials may, if authorized by a private act, resolution, or ordinance, choose to decline billing for such taxes, refrain from referring them for further collection, or abate any penalties or interest associated with late payment.

Additionally, the bill requires tax collecting officials to maintain a list of these de minimus personal property taxes organized by taxpayer account and year. It allows for the collection of these taxes when a related tax for the same account is paid in a subsequent year, as long as the collection is not barred by any applicable statute of limitations. The act is set to take effect upon becoming law, emphasizing the public welfare.

Statutes affected:
Introduced: 67-5-2013