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Bill > SB1639
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
05/15/2026
05/15/2026
Dead
Signed/Enacted/Adopted
05/15/2026
05/15/2026
Introduced Session
114th General Assembly
Bill Summary
As enacted, 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 U.S. 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 regarding nonprofit entities, primarily by removing a filing fee for terminating a corporation's existence, extending the notification period for organizations that stop soliciting donations from 30 to 90 days after they cease their activities, and removing the requirement for large charitable organizations (those receiving over $1 million in gross revenue) to submit audited financial statements and IRS forms when they notify the secretary of state that they have stopped soliciting. These changes aim to simplify administrative processes for nonprofits in Tennessee.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Comp. became Pub. Ch. 948 (on 05/15/2026)
Bill Topics
Banking, Finance, and Domestic Commerce
- ‐ Corporate Management
Social Welfare
- ‐ Social Services and Volunteer Associations
bill text
bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SB1639&ga=114 | 01/13/2026 |
| BillText | https://publications.tnsosfiles.com/acts/114/pub/pc0948.pdf | 05/16/2026 |
| Amendment 1-0 to HB1553 | https://www.capitol.tn.gov/Bills/114/Amend/HA0573.pdf | 02/19/2026 |
| Fiscal Memo for HA0573 (13368) | https://www.capitol.tn.gov/Bills/114/Fiscal/FM1590.pdf | 02/19/2026 |
| Fiscal Note - SB1639 | https://www.capitol.tn.gov/Bills/114/Fiscal/SB1639.pdf | 01/23/2026 |
| BillText | https://www.capitol.tn.gov/Bills/114/Bill/SB1639.pdf | 01/13/2026 |
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