House Bill 1515 amends Tennessee Code Annotated, specifically Section 67-5-1327(c), regarding the assessment of state properties. The bill mandates that the comptroller of the treasury must file assessments with the board of equalization by the first Monday in September, along with any necessary records. Additionally, the comptroller is required to notify any person or entity that files an exception regarding the action taken on that exception. A significant change in the bill is the stipulation that individuals or entities wishing to contest the assessments must do so within twenty-five days from the first Monday in September; otherwise, they will be considered to have waived their right to object.

The bill emphasizes the importance of timely filing exceptions to ensure that all parties have the opportunity to contest assessments. This legislative change aims to streamline the assessment process and clarify the responsibilities of the comptroller and the rights of affected parties. The act will take effect upon becoming law, highlighting its urgency in addressing the assessment procedures.

Statutes affected:
Introduced: 67-5-1327(c), 67-5-1327