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TN SB0184

TN SB0184
AN ACT to amend Tennessee Code Annotated, Section 49-7-2109 and Title 67, Chapter 4, Part 17, relative to the privilege tax imposed on persons engaged in certain occupations.


summary

Introduced
01/15/2021
In Committee
Crossed Over
Passed
Dead
04/28/2022

Introduced Session

112th General Assembly

Bill Summary

As introduced, eliminates the professional privilege tax for tax years that begin on and after June 1, 2022. - Amends TCA Section 49-7-2109 and Title 67, Chapter 4, Part 17.

AI Summary

This bill eliminates the professional privilege tax in Tennessee for tax years beginning on and after June 1, 2022. It amends the Tennessee Code Annotated to remove the requirement for certain professionals, such as doctors and lawyers, to pay a $400 annual privilege tax. The bill specifies that this change does not absolve taxpayers of any liability for the privilege tax owed prior to June 1, 2022, but eliminates the tax going forward.

Committee Categories

Budget and Finance

Sponsors (2)

Last Action

Assigned to General Subcommittee of Senate Finance, Ways & Means Committee (on 05/04/2021)

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