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 specifically includes "services furnished by persons engaged in the appraisal of real estate or real property" as a taxable service.

Additionally, the bill updates 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. This change ensures that the appraisal services are recognized within the scope of taxable services under the business tax law. The act is set to take effect upon becoming law, emphasizing the public welfare.

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