Senate Bill 826, also known as House Bill 1368, amends Tennessee Code Annotated, Title 67, Chapter 4, Part 7, which pertains to business tax. The bill introduces a new subdivision to Section 67-4-708(3)(C) that includes "services furnished by persons engaged in the appraisal of real estate or real property" as a taxable service. This addition expands the scope of taxable services under the business tax framework.

Additionally, the bill modifies the existing language in Section 67-4-708(3)(C) by deleting references to subdivisions (3)(C)(i)-(xvi) and replacing them with subdivisions (3)(C)(i)-(xvii) to reflect the inclusion of the new appraisal services subdivision. The act is set to take effect upon becoming law, emphasizing the importance of the public welfare in its implementation.

Statutes affected:
Introduced: 67-4-708(3)(C), 67-4-708