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Several years ago, legislation was passed in Tennessee allowing
taxpayers to file amended tangible personal property returns.
Prior to this, if errors were discovered after filing, the
taxpayer had no recourse to recover unpaid taxes.
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The State
stipulated that only the person or company filing the original
return could file an amended return. This created problems for
new owners of property. After an acquisition, if it was
discovered the previous owner had filed their tangible personal
property tax return incorrectly, the new owner had no rights to
correct the return, even though they may have been responsible
for part or all of the taxes generated by the filing.
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Important Dates |
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March 1 |
Deadline for submission
of personal property schedules |
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May 20 |
Assessment change
notices mailed |
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June
(1st Monday) |
County board hearings
for appeals |
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