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TN SB1639
TN SB1639AN ACT to amend Tennessee Code Annotated, Title 48, relative to nonprofit entities.
summary
Introduced
01/13/2026
01/13/2026
In Committee
Crossed Over
Passed
Dead
Introduced Session
Potential new amendment
114th General Assembly
Bill Summary
As introduced, removes the filing fee that must be paid to the secretary of state to file articles of termination of corporation existence; increases the number of days after a person ceases solicitation activities after registration with the secretary of state, from 30 to 90, that the person has to notify the secretary of state; removes the requirement that a charitable organization that ceases solicitation activity and received in excess of $1 million in gross revenue during the most recently completed fiscal year include an audited financial statement and forms required to be filed by a charitable organization with the United States internal revenue service with the organization's notice to the secretary of state that the organization ceased solicitation activities. - Amends TCA Title 48.
AI Summary
This bill makes several changes to Tennessee law concerning nonprofit entities. First, it eliminates the filing fee that organizations must pay to the secretary of state when submitting documents to officially end their corporate existence, known as articles of termination. Second, it extends the timeframe for individuals or organizations registered with the secretary of state to notify them after they stop soliciting donations, increasing it from 30 days to 90 days. Finally, it removes a requirement for charitable organizations that stop soliciting and have received over $1 million in gross revenue in the past fiscal year to include an audited financial statement and specific IRS forms when notifying the secretary of state that they have ceased solicitation activities.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
HA0573 - Amendment 1-0 to HB1553 (on 02/18/2026)
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SB1639&ga=114 |
| Amendment 1-0 to HB1553 | https://www.capitol.tn.gov/Bills/114/Amend/HA0573.pdf |
| Fiscal Memo for HA0573 (13368) | https://www.capitol.tn.gov/Bills/114/Fiscal/FM1590.pdf |
| Fiscal Note - SB1639 | https://www.capitol.tn.gov/Bills/114/Fiscal/SB1639.pdf |
| BillText | https://www.capitol.tn.gov/Bills/114/Bill/SB1639.pdf |
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