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TN SB1175

Bill

Official Source

Status

Introduced

2/9/2017

Primary Sponsor

Joseph Hensley

Click for details

Origin

Senate

110th General Assembly

AI Summary

Legislative Description

As introduced, changes the statutory apportionment formula used to calculate franchise and excise taxes from a three-factor formula to a single-sales-factor formula for small businesses. - Amends TCA Title 67, Chapter 4, Part 20 and Title 67, Chapter 4, Part 21.

Taxes, Franchise

Last Action

Refer to Senate Finance, Ways & Means Committee with negative recommendation

3/1/2017

Committee Referrals

Finance, Ways and Means3/1/2017
Revenue Subcommittee2/21/2017
Finance, Ways and Means2/13/2017

Full Bill Text

No bill text available