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TN SB0397

Bill

Official Source

Status

Introduced

1/28/2025

Primary Sponsor

Richard Briggs

Click for details

Origin

Senate

114th General Assembly

AI Summary

  • Eliminates the $400 annual professional privilege tax for licensed professionals in Tennessee, reducing the tax to $0 for tax years ending after May 31, 2026

  • Maintains the current $400 tax for the final tax year ending on or before May 31, 2026

  • Preserves the rule that individuals licensed in multiple professions pay only one privilege tax

  • Taxpayers remain liable for any privilege taxes owed for tax years before June 1, 2026

  • Takes effect immediately upon becoming law, applying to taxes due after May 31, 2026

Legislative Description

AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 4, Part 17, relative to taxation.

Taxes

Last Action

Placed on Senate FW&M Revenue Subcommittee calendar for 3/17/2026

3/10/2026

Committee Referrals

Revenue Subcommittee3/11/2025
Finance, Ways and Means2/12/2025

Full Bill Text

No bill text available