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TN HB1893

TN HB1893
AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 1 and Title 67, Chapter 4, relative to franchise taxes.


summary

Introduced
01/22/2024
In Committee
04/02/2024
Crossed Over
Passed
05/13/2024
Dead
Signed/Enacted/Adopted
05/13/2024

Introduced Session

113th General Assembly

Bill Summary

As enacted, authorizes the commissioner of revenue to issue refunds under certain conditions to taxpayers who properly file a claim for refund for franchise taxes paid; makes related changes. - Amends TCA Title 67, Chapter 1 and Title 67, Chapter 4.

AI Summary

This bill authorizes the commissioner of revenue to issue refunds under certain conditions to taxpayers who properly file a claim for refund for franchise taxes paid. The bill makes several related changes to the Tennessee franchise tax law, including amending provisions related to the minimum tax base, interest rates, and the ability to challenge the constitutionality of the franchise tax. The bill also sets a deadline for filing suits challenging the constitutionality of the franchise tax and specifies that any such suits must be filed in the Chancery Court of Sumner County.

Committee Categories

Budget and Finance

Sponsors (4)

Last Action

Comp. became Pub. Ch. 950 (on 05/13/2024)

bill text


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