Taxes

Plain English Breakdown

The official summary does not provide details about specific types of items covered in the tax refund report.

Annual Report on Tax Refunds for Disaster Victims

This bill requires Tennessee's commissioner of revenue to report annually about tax refunds given to people who bought major appliances, furniture, and building supplies with federal disaster assistance.

What This Bill Does

• Requires the commissioner of revenue to send a yearly report starting July 1, 2027.

Who It Names or Affects

• People who get federal disaster assistance and buy major home items with it.
• The commissioner of revenue in Tennessee.

Terms To Know

Tax refunds

Money returned to people after they pay taxes, often because they paid too much tax or qualify for certain benefits.

Federal disaster assistance

Help given by the federal government to individuals and communities affected by disasters like hurricanes, floods, or fires.

Limits and Unknowns

• The bill does not specify what types of refunds are covered in the report.
• It is unclear how the information in the report will be used.
• There are no penalties mentioned for non-compliance with this requirement.

Official Summary Text

Abstract summarizes the bill.

Current Bill Text

SENATE BILL 2475
By Bailey

HOUSE BILL 2357
By Howell
HB2357
012625
- 1 -

AN ACT to amend Tennessee Code Annotated, Title 4;
Title 9; Title 12; Title 54; Title 55 and Title 67,
relative to taxation.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. Tennessee Code Annotated, Section 67-6-396, is amended by adding the
following as a new subsection:
(h) The commissioner of revenue shall report to the general assembly on an
annual basis, beginning July 1, 2027, the amount of refunds issued under this section.
SECTION 2. This act takes effect upon becoming a law, the public welfare requiring it.