Senate Bill 1687, also known as House Bill 1799, amends several sections of the Tennessee Code Annotated to update comptroller reporting requirements. Specifically, it deletes subsection (e) from Section 7-59-316 and subsection (j) from Section 49-4-938, thereby removing certain reporting obligations. Additionally, it modifies Section 67-5-701 by deleting subdivision (1) and replacing it with a new requirement that the comptroller of the treasury must annually estimate the cost of the tax relief program based on current parameters and report this estimate to the department of finance and administration as well as to the members of the general assembly during the budget preparation process.

The bill aims to streamline the reporting process and ensure that the comptroller's estimates are communicated effectively to relevant parties. The changes are intended to enhance the efficiency of financial oversight and accountability within the state's budgetary framework. The act will take effect upon becoming law, emphasizing the importance of timely implementation for public welfare.

Statutes affected:
Introduced: 7-59-316(e), 7-59-316, 49-4-938(j), 49-4-938, 67-5-701(e), 67-5-701