TN HB1593 | 2017-2018 | 110th General Assembly
Status
Spectrum: Partisan Bill (Republican 6-0)
Status: Introduced on January 17 2018 - 25% progression, died in chamber
Action: 2018-04-18 - Taken off notice for cal in s/c Finance, Ways & Means Subcommittee of Finance, Ways & Means Committee
Text: Latest bill text (Draft #1) [PDF]
Status: Introduced on January 17 2018 - 25% progression, died in chamber
Action: 2018-04-18 - Taken off notice for cal in s/c Finance, Ways & Means Subcommittee of Finance, Ways & Means Committee
Text: Latest bill text (Draft #1) [PDF]
Summary
As introduced, exempts entities that would otherwise have less than $100 in combined franchise and excise tax liability from franchise and excise taxes for tax years that begin between July 1, 2018 and July 1 2019; gradually increases the exemption threshold to $500 for tax years that begin on or after July 1, 2020. - Amends TCA Title 67, Chapter 4, Part 20 and Title 67, Chapter 4, Part 21.
Title
As introduced, exempts entities that would otherwise have less than $100 in combined franchise and excise tax liability from franchise and excise taxes for tax years that begin between July 1, 2018 and July 1 2019; gradually increases the exemption threshold to $500 for tax years that begin on or after July 1, 2020. - Amends TCA Title 67, Chapter 4, Part 20 and Title 67, Chapter 4, Part 21.
Sponsors
| Rep. Charles Sargent [R] | Rep. Beth Harwell [R] | Rep. Gerald McCormick [R] | Rep. Steve McDaniel [R] |
| Rep. Ron Gant [R] | Rep. Terri Lynn Weaver [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2018-04-18 | House | Taken off notice for cal in s/c Finance, Ways & Means Subcommittee of Finance, Ways & Means Committee |
| 2018-04-11 | House | Placed on s/c cal Finance, Ways & Means Subcommittee for 4/18/18 |
| 2018-04-11 | House | Sponsor(s) Added. |
| 2018-04-04 | House | Placed on s/c cal Finance, Ways & Means Subcommittee for 4/13/2018 |
| 2018-03-21 | House | Placed behind the budget |
| 2018-03-14 | House | Placed on s/c cal Finance, Ways & Means Subcommittee for 3/21/2018 |
| 2018-03-14 | House | Action Def. in s/c Finance, Ways & Means Subcommittee to 3/21/2018 |
| 2018-03-07 | House | Placed on s/c cal Finance, Ways & Means Subcommittee for 3/14/2018 |
| 2018-03-07 | House | Action Def. in s/c Finance, Ways & Means Subcommittee to 3/14/2018 |
| 2018-02-28 | House | Placed on s/c cal Finance, Ways & Means Subcommittee for 3/7/2018 |
| 2018-02-26 | House | Sponsor(s) Added. |
| 2018-01-22 | House | Assigned to s/c Finance, Ways & Means Subcommittee |
| 2018-01-22 | House | P2C, ref. to Finance, Ways & Means Committee |
| 2018-01-18 | House | Intro., P1C. |
| 2018-01-17 | House | Filed for intro. |
Same As/Similar To
SB1744 (Crossfiled) 2018-04-23 - Assigned to General Subcommittee of Senate Finance, Ways, and Means Committee
