SB1061 amends Tennessee property tax collection rules for de minimus personal property taxes under $20.

SB1061 amends Tennessee Code to allow county trustees or property tax officials to decline billing, referring for collection, or abating penalties and interest for de minimus personal property taxes under $20. This applies to counties with populations between 366,200 and 366,300, as per the 2020 census, if approved by a two-thirds vote of the county's legislative body. The act takes effect upon becoming law.

SB1061 amends Tennessee property tax collection rules for de minimus personal property taxes under $20.

SB1061 amends Tennessee Code to allow county trustees or property tax officials to decline billing, referring for collection, or abating penalties and interest for de minimus personal property taxes under $20. This applies to counties with populations between 366,200 and 366,300, as per the 2020 census, if approved by a two-thirds vote of the county's legislative body. The act takes effect upon becoming law.