Criminal Offenses - As introduced, extends from January 15 to February 15, the date by which, every five years, the fiscal review committee must report to the chief clerks of the senate and the house of representatives of the general assembly the percentage of change in the average consumer price index (all items-city average) as published by the United States department of labor, bureau of labor statistics and must inform the general assembly what the statutory minimum and maximum authorized fine for each offense classification would be if adjusted to reflect the compounded cost-of-living increases during the five-year period. - Amends TCA Title 16; Title 36; Title 37; Title 38; Title 39; Title 40; Title 49; Title 55 and Title 65.

HB 723 amends Tennessee law to change the deadline by which the fiscal review committee must report inflation-adjusted criminal fine ranges. Instead of reporting by January 15, the committee must now submit its annual report by February 15, using the U.S. Bureau of Labor Statistics' Consumer Price Index data to calculate compounded cost-of-living adjustments for statutory fines. This bill affects all criminal offense classifications covered under Tennessee’s criminal codes (Titles 16, 36-40, 49, 55, and 65) by establishing a standardized process for periodically updating fine amounts to reflect inflation. The change only modifies the reporting timeline and calculation method - no current fine amounts are altered. The bill takes effect July 1, 2025.