TN SB0892 | 2021-2022 | 112th General Assembly
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 10 2021 - 25% progression, died in chamber
Action: 2021-02-23 - Refer to Senate Finance, Ways & Means Revenue Subcommittee
Text: Latest bill text (Draft #1) [PDF]
Status: Introduced on February 10 2021 - 25% progression, died in chamber
Action: 2021-02-23 - Refer to Senate Finance, Ways & Means Revenue 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
History
| Date | Chamber | Action |
|---|---|---|
| 2021-02-23 | Senate | Refer to Senate Finance, Ways & Means Revenue Subcommittee |
| 2021-02-22 | Senate | Passed on Second Consideration, refer to Senate Finance, Ways, and Means Committee |
| 2021-02-11 | Senate | Introduced, Passed on First Consideration |
| 2021-02-10 | Senate | Filed for introduction |
Same As/Similar To
HB0625 (Crossfiled) 2021-02-20 - Assigned to s/c Finance, Ways, and Means Subcommittee
