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Bill > SB2816
TN SB2816
TN SB2816AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 4, Part 17, relative to taxation.
summary
Introduced
02/01/2024
02/01/2024
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 and after June 1, 2025. The professional privilege tax is a $400 annual tax imposed on individuals engaged in certain professions, such as lawyers, doctors, and accountants. The bill specifies that the tax shall not be levied on these professions on or after June 1, 2025, but it does not absolve taxpayers of liability for the tax during the tax years ending before that date.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Assigned to General Subcommittee of Senate Finance, Ways, and Means Committee (on 04/23/2024)
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SB2816&ga=113 |
| Fiscal Note - HB2627 | https://www.capitol.tn.gov/Bills/113/Fiscal/HB2627.pdf |
| BillText | https://www.capitol.tn.gov/Bills/113/Bill/SB2816.pdf |
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