AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 4, Part 21, relative to franchise tax.

What it does

The legislature's own summary of the bill, or its official long title.

Taxes, Franchise - As introduced, requires the department of revenue to submit, by January 1, 2026, a one-time report to the finance, ways and means committees of the house of representatives and the senate concerning the revenue effects of certain amendments made to the provision of the Franchise Tax Law of 1999 that determines the apportionment of a taxpayer's net worth. - Amends TCA Title 67, Chapter 4, Part 21.

Every action

12 steps, oldest first, as the legislature records them.

1. Jan 30, 2024SenateFiled for introduction
2. Jan 30, 2024SenateSponsor change.
3. Jan 30, 2024SenateSponsor(s) Added.
4. Jan 31, 2024SenateIntroduced, Passed on First Consideration
5. Feb 1, 2024CommitteePassed on Second Consideration, refer to Senate Finance, Ways, and Means Committee · Senate Finance, Ways and Means Committee
6. Feb 13, 2024SenateRefer to Senate F,W&M Revenue Subcommittee
7. Feb 27, 2024SenatePlaced on Senate FW&M Revenue Subcommittee calendar for 3/5/2024
8. Mar 5, 2024SenateAction deferred in Senate FW&M Revenue Subcommittee to 3/12/2024
9. Mar 5, 2024SenatePlaced on Senate FW&M Revenue Subcommittee calendar for 3/12/2024
10. Mar 12, 2024SenateAction deferred in Senate FW&M Revenue Subcommittee to 3/19/2024
11. Mar 12, 2024SenatePlaced on Senate FW&M Revenue Subcommittee calendar for 3/19/2024
12. Mar 19, 2024CommitteeRefer to Senate Finance, Ways & Means Committee w/ negative recommendation, as amended · Senate Finance, Ways and Means Committee

Roll calls

No recorded votes on this bill yet.

Sponsors

The member who introduced it, joined by 1 cosponsor: 1 Democrat.

• JY Jeff YarbroD Primary sponsor · District 21