Tennessee SB0783 allows county trustees to decline billing, referring, or abating penalties for de minimus personal property taxes under $20.

Tennessee SB0783 amends the collection of property taxes by allowing county trustees or other tax collecting officials to decline to bill, refer for collection, or abate penalties for de minimus personal property taxes totaling less than $20. This applies if authorized by a private act, resolution, or ordinance. Officials must maintain a list of such taxes by taxpayer account and year, and may collect the tax when a related account tax is tendered for a later year, provided it does not violate any statute of limitations.

Tennessee SB0783 allows county trustees to decline billing, referring, or abating penalties for de minimus personal property taxes under $20.

Tennessee SB0783 amends the collection of property taxes by allowing county trustees or other tax collecting officials to decline to bill, refer for collection, or abate penalties for de minimus personal property taxes totaling less than $20. This applies if authorized by a private act, resolution, or ordinance. Officials must maintain a list of such taxes by taxpayer account and year, and may collect the tax when a related account tax is tendered for a later year, provided it does not violate any statute of limitations.