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Latest Update: Saturday, July, 05th 2008

Companion Bill SB1488. Tax Return Preparers - Imposes restrictions on facilitators, which are persons who receive or accept for delivery an application for a refund anticipation loan, deliver a check in payment of refund anticipation loan proceeds, or act to allow the making of a refund anticipation loan. - Amends TCA Title 62, Chapter 29, Part 1. Fiscal Summary for HB1226 / *SB1488Increase Local Govt. Revenues - Not Significant Increase Local Govt. Expenditures - Not Significant Bill Summary for HB1226 / *SB1488 This bill requires that all federal income tax refund anticipation loan contracts entered into between a preparer of federal tax returns and a consumer have printed on the contract: (1) The annual percentage rate of interest on the loan; and (2) The average time required for the IRS to transmit the refund to a consumer's [...]

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Latest Actions
  • 05/23/2007 - Public Chapter 172
  • 05/23/2007 - Effective date(s) 01/01/08
  • 05/16/2007 - Signed by Governor.
  • 05/03/2007 - Transmitted to Governor for his action.
  • 05/03/2007 - Signed by Senate Speaker

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Bill Text
File name Last Updated
Amendment 1-0 to HB122610/27/2007
HB1226 Bill Text PDF10/27/2007

Fiscal Notes
File name Last Updated
SB1488 Fiscal Notes PDF10/27/2007