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TN SB2558

Bill

Status

Passed

5/2/2016

Primary Sponsor

Mark Norris

Click for details

Origin

Senate

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

Comp. became Pub. Ch. 881

5/2/2016

Committee Referrals

Calendar4/12/2016
Finance, Ways and Means3/1/2016
Revenue Subcommittee2/23/2016
Finance, Ways and Means1/25/2016

Full Bill Text

No bill text available