Senate Bill 2453, also known as House Bill 2510, proposes amendments to Tennessee Code Annotated, Title 67, Chapter 6, concerning tax revenue timelines. Specifically, the bill modifies the deadlines for certain tax provisions by extending the expiration dates. It replaces the existing date of "December 31, 2026" with "December 31, 2040" in Section 67-6-104(m)(1)(C) and changes "June 30, 2031" to "June 30, 2041" in Section 67-6-104(m)(2).
The bill aims to provide a longer timeframe for the relevant tax provisions, thereby potentially impacting tax revenue collection and planning for the state. The act is set to take effect immediately upon becoming law, emphasizing the urgency of the changes for public welfare.
Statutes affected: Introduced: 67-6-104(m)(1)(C), 67-6-104, 67-6-104(m)(2)