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Bill > HB1327
TN HB1327
AN ACT to amend Tennessee Code Annotated, Section 13-23-134 and Chapter 971 of the Public Acts of 2024, relative to tax credits.
summary
Introduced
02/06/2025
02/06/2025
In Committee
03/12/2025
03/12/2025
Crossed Over
Passed
Dead
Introduced Session
114th General Assembly
Bill Summary
As introduced, deletes provision requiring Tennessee rural and workforce housing tax credits to be authorized by joint resolution of the general assembly. - Amends TCA Section 13-23-134 and Chapter 971 of the Public Acts of 2024.
AI Summary
This bill modifies existing Tennessee tax credit legislation by removing specific requirements for rural and workforce housing tax credits. Specifically, the bill eliminates a provision in Section 13-23-134 that previously mandated joint resolution authorization by the general assembly for these tax credits, and removes a second sentence from Section 6 of Chapter 971 of the Public Acts of 2024. By deleting these provisions, the bill appears to streamline the process for approving rural and workforce housing tax credits, potentially making them easier to obtain or implement. The changes will take effect on July 1, 2025, with the legislation stating that the public welfare requires this modification. This bill represents a technical amendment to existing tax credit law, aimed at reducing bureaucratic steps in the tax credit approval process for rural and workforce housing initiatives.
Committee Categories
Government Affairs
Sponsors (3)
Last Action
Taken off notice for cal. in State & Local Government Committee (on 03/19/2025)
bill text
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=HB1327&ga=114 |
| Fiscal Note - SB1323 | https://www.capitol.tn.gov/Bills/114/Fiscal/SB1323.pdf |
| BillText | https://www.capitol.tn.gov/Bills/114/Bill/HB1327.pdf |
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