SB3630 - Tennessee - Assessors, Taxes, Personal Property

Companion Bill HB3953. Taxes, Personal Property - Revises manner forced assessment is determined and limits remedies for taxpayers who fail, refuse, or neglect to complete, sign, and timely file a personal property schedule with the assessor of property. - Amends TCA Title 67. Fiscal Summary for *SB3630 / HB3953 Increase State Expenditures - Not Significant Increase Local Expenditures - $116,500/Permissive Bill Summary for *SB3630 / HB3953 Under present law, it is a Class A misdemeanor for a taxpayer to fail, refuse, or neglect to complete, sign, and file a schedule of tangible property with the assessor of property by the specified deadline. The offense is punishable by a fine of not less than $50.00 nor more than $500. In such cases, the assessor will assess the tangible personal property of the taxpayer that is used, or held for [...]

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