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Bill > HB0987
TN HB0987
TN HB0987AN 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
02/10/2021
02/10/2021
In Committee
02/22/2021
02/22/2021
Crossed Over
Passed
Dead
04/28/2022
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. Specifically, it removes the $400 annual privilege tax that was previously imposed on certain professions, such as lawyers, doctors, and accountants. The bill also clarifies that taxpayers are still liable for any privilege taxes owed for tax years ending before June 1, 2022. The bill takes effect upon becoming law and applies to privilege taxes due after May 31, 2022.
Committee Categories
Budget and Finance
Sponsors (4)
Last Action
Taken off notice for cal in s/c Finance, Ways, and Means Subcommittee of Finance, Ways, and Means Committee (on 04/21/2021)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=HB0987&ga=112 |
| State Bill Page | http://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=HB0987&ga=112 |
| Fiscal Note - SB0184 | https://www.capitol.tn.gov/Bills/112/Fiscal/SB0184.pdf |
| BillText | https://www.capitol.tn.gov/Bills/112/Bill/HB0987.pdf |
| BillText | http://www.capitol.tn.gov/Bills/112/Bill/HB0987.pdf |
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