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Bill > HB0039


TN HB0039

TN HB0039
As introduced, phases out the professional privilege tax over a five-year period for tax years that begin on and after June 1, 2019. - Amends TCA Title 67, Chapter 4, Part 17.


summary

Introduced
01/11/2019
In Committee
01/19/2019
Crossed Over
Passed
Dead
06/19/2020

Introduced Session

111th General Assembly

Bill Summary

As introduced, phases out the professional privilege tax over a five-year period for tax years that begin on and after June 1, 2019. - Amends TCA Title 67, Chapter 4, Part 17.

AI Summary

This bill phases out the professional privilege tax over a five-year period for tax years beginning on and after June 1, 2019. The professional privilege tax, which is a tax imposed on certain licensed or registered professionals in Tennessee, will be reduced from $400 to $0 over this five-year period, with the tax being fully eliminated for any tax year ending on or after May 31, 2024.

Committee Categories

Budget and Finance

Sponsors (6)

Last Action

Assigned to s/c Finance, Ways, and Means Subcommittee (on 01/22/2019)

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