TN SB0439

Amends Tennessee Code Annotated Section 67-4-2006(c) to allow taxpayers discretionary ability to add back certain deductions to their net earnings for tax purposes

Taxpayers may add back amounts taken as federal taxable income deductions that are also allowed as deductions in determining net earnings, as well as amounts subtracted under subdivision (b)(2)

Discretionary additions can be made, adjusted, or removed on any timely filed original or amended return at the taxpayer's discretion

Adjustments cannot reduce a taxpayer's net earnings below the amount that would have been computed without using this new provision

Passed April 14, 2025 and approved by Governor Bill Lee on May 2, 2025, taking effect immediately upon becoming law