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TN HB0424
Bill
Status
1/28/2025
Primary Sponsor
Charlie Baum
Click for details
AI Summary
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Urges the Tennessee Department of Revenue to study the economic impact of making all franchise and excise tax credits transferable to parties other than the original credit recipient
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Transferability would allow businesses to sell or assign their tax credits to any other person or entity
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Report with findings and recommendations due to Senate Finance, Ways and Means Committee and House tax committee by January 1, 2026, if the study is conducted
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Takes effect immediately upon becoming law
Legislative Description
AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 4, Part 20 and Title 67, Chapter 4, Part 21, relative to credits against franchise and excise tax liability.
Taxes
Last Action
Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/14/2025
4/9/2025