Bill > SB1963

This bill amends Tennessee Code Annotated, Title 67, Chapter 4, Part 17, which deals with taxation, specifically the professional privilege tax. The key provision is that licensed attorneys who have practiced law for twenty years or less will now be subject to this tax, whereas previously, the law did not specify a time limit for this exemption. This change means that attorneys with more than twenty years of practice will no longer be required to pay the professional privilege tax, while those with twenty years or less of practice will be. The act takes effect upon becoming law and applies to privilege taxes due and payable after May 31, 2027.

Budget and Finance

https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SB1963&ga=114