Tennessee House Bill HB0117

Tennessee 2025-2026 Regular Session

• Introduced: 1/13/25
• Refer: 1/28/25
• Refer: 3/12/25
• Refer: 3/25/25
• Engrossed: 4/1/25
• Enrolled: 4/15/25
• Passed: 5/2/25
• Chaptered: 5/8/25

Caption

AN ACT to amend Tennessee Code Annotated, Section 67-6-410, relative to wholesaler information reports.

Impact

If enacted, HB 0117 will have implications on how wholesalers in Tennessee report their information, potentially reducing ambiguity in reporting requirements. By mandating that certain information must be included in reports, the bill aims to create a more standardized format for these submissions. This is significant as it not only assists in the clarity of the wholesaling process but also aids state tax authorities in effectively monitoring and enforcing compliance. The changes could lead to more accurate data collection and analysis, ultimately contributing to the state's fiscal health.

Summary

House Bill 0117 seeks to amend the Tennessee Code Annotated, particularly section 67-6-410, which pertains to wholesaler information reports. The amendments include the removal of certain subdivisions and the specification that required information must be included in wholesaler reports, thereby clarifying the expectations for compliance among wholesalers. This act is positioned as a means to streamline the reporting process and enhance the clarity of regulatory requirements for wholesalers in Tennessee. It reflects an effort by legislators to ensure more precise and consistent information is reported, thereby supporting the enforcement of tax regulations related to the wholesaling sector.

Sentiment

The general sentiment surrounding HB 0117 appears to be supportive, particularly among legislators who see it as a necessary adjustment to improve regulatory clarity. The bill passed with a unanimous vote of 32-0, indicating broad bipartisan support. Advocates argue that clearer regulations will benefit both wholesalers and state administrators, while critics, if any, have not been prominently noted in the discussions. The lack of dissenting votes suggests that stakeholders view these amendments as necessary improvements rather than controversial changes.

Contention

While there does not seem to be significant contention surrounding HB 0117, the amendments aim to refine existing laws, which can always spark discussions among various stakeholders. The primary contention point may arise from the responses of wholesalers to increased reporting requirements, as some may see it as an additional bureaucratic burden. However, the overall tone of legislative discussions remains largely positive, indicating a collective view that the modifications will provide long-term operational benefits.