Bill
Bill > SB0491
TN SB0491
TN SB0491As 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
02/04/2019
02/04/2019
In Committee
Crossed Over
Passed
Dead
06/19/2020
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. Specifically, the bill reduces the annual professional privilege tax from $400 to $320 for the 2020 tax year, $240 for 2021, $160 for 2022, $80 for 2023, and $0 for the 2024 tax year and beyond. The bill also clarifies that individuals licensed or registered for multiple professions subject to the tax only need to pay one tax per year.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Action deferred in Senate Finance, Ways, and Means Committee to 2/4/2020 (on 05/01/2019)
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SB0491&ga=111 |
| BillText | http://www.capitol.tn.gov/Bills/111/Bill/SB0491.pdf |
Loading...