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Bill > HB2855
TN HB2855
TN HB2855AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 4, Part 17, relative to the occupation tax.
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 a $400 annual tax imposed on certain licensed or registered professions, such as lawyers, doctors, and other professionals. However, the bill does not absolve taxpayers of liability for the tax during tax years ending before June 1, 2025. The bill takes effect upon becoming law and applies to privilege taxes due and payable after May 31, 2025.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Assigned to s/c Finance, Ways, and Means Subcommittee (on 02/07/2024)
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=HB2855&ga=113 |
| Fiscal Note - SB1944 | https://www.capitol.tn.gov/Bills/113/Fiscal/SB1944.pdf |
| BillText | https://www.capitol.tn.gov/Bills/113/Bill/HB2855.pdf |
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