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Bill > HB2627
TN HB2627
TN HB2627AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 4, Part 17, relative to taxation.
summary
Introduced
01/31/2024
01/31/2024
In Committee
02/05/2024
02/05/2024
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. The professional privilege tax is currently $400 per year for certain licensed or registered professionals. This bill eliminates the tax after May 31, 2025, but does not absolve taxpayers of liability for taxes owed in previous years. The bill takes effect upon becoming law and applies to privilege taxes due after May 31, 2025.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Taken off notice for cal in s/c Finance, Ways, and Means Subcommittee of Finance, Ways, and Means Committee (on 04/17/2024)
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=HB2627&ga=113 |
| Fiscal Note - HB2627 | https://www.capitol.tn.gov/Bills/113/Fiscal/HB2627.pdf |
| BillText | https://www.capitol.tn.gov/Bills/113/Bill/HB2627.pdf |
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