Public Chapter 197

SENATE BILL NO. 647

By Person

Substituted for: House Bill No. 1462

By Ulysses Jones, Kent, Larry Turner

AN ACT To amend Tennessee Code Annotated, Section 67-5-1512(b)(2)(B), relative to the assessment and taxation of property.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:

SECTION 1. Tennessee Code Annotated, Section 67-5-1512(b)(2)(B), is hereby amended by inserting the following new sentence immediately preceding the last sentence of the subdivision:

The taxpayer or taxpayer's agent, who is successful in appeals and has multiple properties, shall, on request, receive refunds for those properties in one (1) check. In lieu of the original paid tax receipts, where there are multiple properties, the taxpayer or taxpayer's agent shall post a bond in the amount to be determined by the county trustee. A taxpayer having a single property may provide the trustee with an affidavit satisfactory to the trustee or cancelled check and receive the refund to which the taxpayer is entitled.

SECTION 2. This act shall take effect upon becoming a law, the public welfare requiring it.