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TN HB1329
Bill
Status
Passed
5/8/2025
Primary Sponsor
William Lamberth
Click for details
AI Summary
- Reduces the state administration fee for tax collection from 1.125% to 0.75% across multiple tax code sections, including business taxes and local option taxes
- Applies the reduced 0.75% fee to tax proceeds the department remits to counties, cities, and towns, covering the state's expenses for administering collection and distribution
- Deletes subsection (h) of Tennessee Code Annotated Section 67-6-710 in its entirety
- Takes effect July 1, 2025, and applies to tax collections received on or after that date
- Passed April 14, 2025, and signed by Governor Bill Lee in May 2025
Legislative Description
AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 4; Title 67, Chapter 6 and Title 67, Chapter 7, relative to state administration fee on tax collection.
Revenue, Dept. of
Last Action
Effective date(s) 07/01/2025
5/8/2025
Committee Referrals
Calendar and Rules3/18/2025
Finance, Ways & Means3/5/2025
Finance, Ways & Means Subcommittee2/26/2025
Finance, Ways & Means2/12/2025
Full Bill Text
No bill text available