TN SB1972 | 2013-2014 | 108th General Assembly
Status
Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on January 22 2014 - 25% progression, died in committee
Action: 2014-01-27 - P2C, ref. to S. S&L Govt. Comm.
Pending: Senate State and Local Government Committee
Text: Latest bill text (Draft #1) [PDF]
Status: Introduced on January 22 2014 - 25% progression, died in committee
Action: 2014-01-27 - P2C, ref. to S. S&L Govt. Comm.
Pending: Senate State and Local Government Committee
Text: Latest bill text (Draft #1) [PDF]
Summary
As introduced, increases, from fifteen to twenty, the number of days after the sale or termination of a business within which the operator of the business must notify the local assessor and pay any personal property taxes due on account of the operation of the business; requires the successor to withhold an amount of the sale consideration or liquidation proceeds to cover personal property taxes for the current tax year. - Amends TCA Title 67.
Title
As introduced, increases, from fifteen to twenty, the number of days after the sale or termination of a business within which the operator of the business must notify the local assessor and pay any personal property taxes due on account of the operation of the business; requires the successor to withhold an amount of the sale consideration or liquidation proceeds to cover personal property taxes for the current tax year. - Amends TCA Title 67.
Sponsors
| Sen. Ken Yager [R] | Rep. Bob Ramsey [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2014-01-27 | Senate | P2C, ref. to S. S&L Govt. Comm. |
| 2014-01-23 | Senate | Intro., P1C. |
| 2014-01-22 | Senate | Filed for intro. |
Same As/Similar To
HB1533 (Crossfiled) 2014-01-22 - Assigned to s/c Business and Utilities Subcommittee
Subjects
Tennessee State Sources
| Type | Source |
|---|---|
| Summary | https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SB1972&ga=108 |
| Text | https://www.capitol.tn.gov/Bills/108/Bill/SB1972.pdf |
