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TN HB1689
Bill
Status
Introduced
1/18/2018
Primary Sponsor
Ron Gant
Click for details
AI Summary
Legislative Description
As introduced, reverses Tennessee's decoupling from federal bonus depreciation for excise tax purposes; deletes requirement that bonus depreciation taken as a deduction on federal income tax return be added back to taxpayer's income in calculating net earnings for Tennessee excise tax purposes. - Amends TCA Section 67-4-2006.
Taxes, Excise
Last Action
Taken off notice for cal in s/c Finance, Ways & Means Subcommittee of Finance, Ways & Means Committee
4/18/2018
Committee Referrals
Finance, Ways & Means Subcommittee2/21/2018
Finance, Ways & Means1/24/2018
Full Bill Text
No bill text available