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TN HB1554

Bill

Status

Passed

5/2/2016

Primary Sponsor

Gerald McCormick

Click for details

Origin

House of Representatives

109th General Assembly

AI Summary

Legislative Description

As enacted, specifies additional circumstances under which the commissioner of revenue may waive penalties for delinquent franchise and excise taxes; alters the formula for calculating quarterly estimated payments for franchise and excise taxes; reduces penalties for deficient or delinquent estimated franchise and excise tax payments from 5 percent to 2 percent per month; makes other related revisions. - Amends TCA Title 67.

Taxes

Last Action

Pub. Ch. 881

5/2/2016

Committee Referrals

Calendar and Rules3/15/2016
Finance, Ways & Means2/10/2016
Finance, Ways & Means Subcommittee2/3/2016
Finance, Ways & Means1/14/2016

Full Bill Text

No bill text available