Senate Bill 994, sponsored by Bailey, proposes to amend Tennessee Code Annotated by deleting Section 67-4-114, which pertains to taxes. The bill does not provide specific details about the content of the section being removed, but its deletion indicates a significant change in the state's tax regulations.

The act is set to take effect immediately upon becoming law, emphasizing the urgency of the changes it proposes. The bill reflects the General Assembly's intent to streamline or modify existing tax laws in Tennessee.

Statutes affected:
Introduced: 67-4-114