Tennessee · Senate Bill 981 · 113th General Assembly

AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 4, Part 20 and Title 67, Chapter 4, Part 21, relative to exemptions from franchise and…

SB 981 Sponsored by Ken Yager Died in committee

  1. Introduced Jan 31, 2023
  2. In committee Feb 6, 2023
  3. Died  
  4. Passed the House  
  5. To the governor  
  6. Became law  

What it does

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

Taxes - As introduced, exempts from franchise and excise taxes, a community development entity or sub-community development entity that is certified by the United States department of the treasury's community development financial institutions fund, and that has received an allocation of the federal new markets tax credits or federal sub-new markets tax credits from a community development entity that are used to…

Read the full title (112 words)

Taxes - As introduced, exempts from franchise and excise taxes, a community development entity or sub-community development entity that is certified by the United States department of the treasury's community development financial institutions fund, and that has received an allocation of the federal new markets tax credits or federal sub-new markets tax credits from a community development entity that are used to fund a qualified low-income community investment in a Tennessee facility or operations of a business or nonprofit entity where the qualified low-income community investment expands the Tennessee-based operations of the business or nonprofit entity. - Amends TCA Title 67, Chapter 4, Part 20 and Title 67, Chapter 4, Part 21.

Read the full official title (28 words)

AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 4, Part 20 and Title 67, Chapter 4, Part 21, relative to exemptions from franchise and excise taxes.

Every action

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

  1. SenateFiled for introduction
  2. SenateIntroduced, Passed on First Consideration
  3. CommitteePassed on Second Consideration, refer to Senate Finance, Ways, and Means Committee · Senate Finance, Ways and Means Committee
  4. SenateRefer to Senate F,W&M Revenue Subcommittee
  5. SenatePlaced on Senate FW&M Revenue Subcommittee calendar for 3/7/2023
  6. SenateAction deferred in Senate FW&M Revenue Subcommittee to 3/14/2023
  7. SenatePlaced on Senate FW&M Revenue Subcommittee calendar for 3/14/2023
  8. CommitteeRefer to Senate Finance, Ways & Means Committee with negative recommendation · Senate Finance, Ways and Means Committee
  9. CommitteePlaced on Senate Finance, Ways, and Means Committee calendar for 4/20/2023 · Senate Finance, Ways and Means Committee
  10. CommitteePlaced on Senate Finance, Ways, and Means Committee calendar for 4/15/2024 · Senate Finance, Ways and Means Committee
  11. CommitteePlaced on Senate Finance, Ways, and Means Committee calendar for 4/23/2024 · Senate Finance, Ways and Means Committee

Roll calls

No recorded votes on this bill yet.

Sponsors

The member who introduced it.

  • KY Ken YagerR Primary sponsor · District 12

From Tennessee's official records (wapp.capitol.tn.gov), checked Nov 3, 2026. Text links go to the official versions; LegiList does not copy bill text.