Loading chat...
TN SB0430
Bill
Status
1/28/2025
Primary Sponsor
Shane Reeves
Click for details
AI Summary
-
Urges the Tennessee Department of Revenue to study the potential economic impact of making all franchise and excise tax credits transferable to third parties beyond the original credit recipients
-
Transferability would allow businesses to sell or assign their earned tax credits to any other person or entity
-
Requires the department to report findings and recommendations to the Senate Finance, Ways and Means Committee and the House tax committee by January 1, 2026, if the study is conducted
-
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
Action deferred in Senate Finance, Ways, and Means Committee to 1/13/2026
4/21/2025