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Bill > HB1274
TN HB1274
TN HB1274AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 4, Part 17, relative to taxation.
summary
Introduced
01/31/2023
01/31/2023
In Committee
02/02/2023
02/02/2023
Crossed Over
Passed
Dead
04/25/2024
04/25/2024
Introduced Session
113th General Assembly
Bill Summary
As introduced, repeals the professional privilege tax for tax years that begin on and after June 1, 2024. - Amends TCA Title 67, Chapter 4, Part 17.
AI Summary
This bill repeals the professional privilege tax in Tennessee for tax years beginning on and after June 1, 2024. The professional privilege tax was a $400 annual tax levied on certain professionals, such as lawyers, doctors, and accountants, who were licensed or registered in Tennessee. The bill removes this tax, effective for the tax year starting on June 1, 2024 and beyond, but does not absolve taxpayers of any liability for the tax during tax years ending before that date.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Taken off notice for cal in s/c Finance, Ways, and Means Subcommittee of Finance, Ways, and Means Committee (on 04/18/2023)
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=HB1274&ga=113 |
| Fiscal Note - SB0705 | https://www.capitol.tn.gov/Bills/113/Fiscal/SB0705.pdf |
| BillText | https://www.capitol.tn.gov/Bills/113/Bill/HB1274.pdf |
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