Tennessee states new effective date.

Enacted Tennessee law has established an effective date on most conformity provisions of July 1, 2005 (previously July 1, 2004) or the first day of the second quarter following the effective date of the agreement. The new law, S.B. 3454 also discusses sales tax registration, compensation provisions and multiple definitions per the terms of the Agreement. (S.B. 3454, signed by Governor, June 15, 2004.)

Posted on August 5, 2004