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TN HB2189

TN HB2189
AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 4, Part 17, relative to taxation.


summary

Introduced
01/31/2022
In Committee
02/03/2022
Crossed Over
Passed
Dead
04/28/2022

Introduced Session

112th General Assembly

Bill Summary

As introduced, phases out professional privilege tax over four-year period for tax years that begin on and after June 1, 2023; reduces tax by $100 per year over such period. - Amends TCA Title 67, Chapter 4, Part 17.

AI Summary

This bill phases out the professional privilege tax in Tennessee over a four-year period, reducing the tax by $100 per year starting in the tax year that begins on June 1, 2023. The professional privilege tax, which is $400 per year, will be completely eliminated for tax years beginning on or after June 1, 2026. The bill specifies that this change does not absolve taxpayers of any liability for the tax during the years it is still in effect.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Assigned to s/c Finance, Ways, and Means Subcommittee (on 02/07/2022)

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