SB1687 amends Tennessee Code to modify comptroller reporting requirements for tax relief programs.
SB1687 amends Tennessee Code by deleting certain subsections and modifying reporting requirements for the comptroller. Specifically, it removes subsections from Sections 7-59-316, 49-4-938, and 67-5-701. It also updates Section 67-5-701 to require the comptroller to annually estimate the cost of the tax relief program and report this estimate to the Department of Finance and Administration and the General Assembly as part of the budget preparation process. The act takes effect immediately upon becoming law.
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