Senate Bill 481, also known as House Bill 1229, proposes amendments to Tennessee Code Annotated, Title 40, Chapter 33, which pertains to forfeiture laws. The bill specifically removes subsection (b) from Section 40-33-206 and eliminates the phrase "cost bond or" from Section 40-33-205(a). These changes aim to streamline the forfeiture process and potentially reduce the financial burden on individuals involved in such proceedings.

The bill is set to take effect on July 1, 2025, and will apply to all seizures that occur on or after that date. The amendments reflect a legislative intent to modify existing forfeiture regulations in Tennessee, enhancing clarity and efficiency in the legal framework surrounding asset seizures.

Statutes affected:
Introduced: 40-33-206, 40-33-205(a), 40-33-205