TN HB0625 | 2021-2022 | 112th General Assembly
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 8 2021 - 25% progression, died in chamber
Action: 2021-02-20 - Assigned to s/c Finance, Ways, and Means Subcommittee
Text: Latest bill text (Draft #1) [PDF]
Status: Introduced on February 8 2021 - 25% progression, died in chamber
Action: 2021-02-20 - Assigned to s/c Finance, Ways, and Means Subcommittee
Text: Latest bill text (Draft #1) [PDF]
Summary
As introduced, exempts from recordation tax, transfers by a transferor of real estate to a limited liability company, a corporation, or a partnership when the transferor is a member, stockholder, or partner, respectively, as a capital contribution to the business entity or a transfer from such entity to such existing member, stockholder, or partner as a distribution from such business entity. - Amends TCA Title 67, Chapter 4, Part 4.
Title
AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 4, Part 4, relative to recordation tax on transfers related to entities.
Sponsors
| Rep. Tandy Darby [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2021-02-20 | House | Assigned to s/c Finance, Ways, and Means Subcommittee |
| 2021-02-11 | House | P2C, ref. to Finance, Ways, and Means Committee |
| 2021-02-10 | House | Intro., P1C. |
| 2021-02-08 | House | Filed for introduction |
Same As/Similar To
SB0892 (Crossfiled) 2021-02-23 - Refer to Senate Finance, Ways & Means Revenue Subcommittee
