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Bill > SB1944
TN SB1944
TN SB1944AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 4, Part 17, relative to the occupation tax.
summary
Introduced
01/24/2024
01/24/2024
In Committee
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, 2025. - Amends TCA Title 67, Chapter 4, Part 17.
AI Summary
This bill repeals the professional privilege tax in Tennessee for tax years beginning on or after June 1, 2025. It retains the $400 professional privilege tax for tax years ending on or before May 31, 2025, but eliminates the tax entirely starting in the 2026 tax year. The bill also clarifies that individuals licensed or registered in multiple professions subject to the tax are only required to pay one $400 tax.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Placed on Senate Finance, Ways, and Means Committee calendar for 4/23/2024 (on 04/19/2024)
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SB1944&ga=113 |
| Fiscal Note - SB1944 | https://www.capitol.tn.gov/Bills/113/Fiscal/SB1944.pdf |
| BillText | https://www.capitol.tn.gov/Bills/113/Bill/SB1944.pdf |
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