TN SB1161 | 2019-2020 | 111th General Assembly
Status
Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on May 29 2019 - 100% progression
Action: 2019-05-29 - Comp. became Pub. Ch. 503
Text: Latest bill text (Chaptered) [PDF]
Spectrum: Bipartisan Bill
Status: Passed on May 29 2019 - 100% progression
Action: 2019-05-29 - Comp. became Pub. Ch. 503
Text: Latest bill text (Chaptered) [PDF]
Summary
As enacted, creates a sales and use tax exemption on qualified building materials used in the construction, expansion, or renovation of one or more qualified, new, or expanded warehouse or distribution facilities, if the taxpayer or a lessor, or both, makes a capital investment of at least $1 billion in the construction or renovation of such facilities and related facilities at the same location within the qualified capital investment period. - Amends TCA Title 67, Chapter 6.
Title
As enacted, creates a sales and use tax exemption on qualified building materials used in the construction, expansion, or renovation of one or more qualified, new, or expanded warehouse or distribution facilities, if the taxpayer or a lessor, or both, makes a capital investment of at least $1 billion in the construction or renovation of such facilities and related facilities at the same location within the qualified capital investment period. - Amends TCA Title 67, Chapter 6.
Sponsors
Roll Calls
2019-04-24 - Senate - SENATE FINANCE, WAYS AND MEANS COMMITTEE: Recommended for passage with amendment/s, refer to Senate Calendar Committee Ayes 10, Nays 0 PNV 0 (Y: 10 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2019-05-29 | Comp. became Pub. Ch. 503 | |
| 2019-04-30 | Senate | Companion House Bill substituted |
| 2019-04-25 | Senate | Placed on Senate Regular Calendar for 4/30/2019 |
| 2019-04-24 | Senate | Recommended for passage with amendment/s, refer to Senate Calendar Committee Ayes 10, Nays 0 PNV 0 |
| 2019-04-23 | Senate | Placed on Senate Finance, Ways, and Means Committee calendar for 4/24/2019 |
| 2019-04-23 | Senate | Action deferred in Senate Finance, Ways, and Means Committee to 4/24/2019 |
| 2019-04-18 | Senate | Placed on Senate Finance, Ways, and Means Committee calendar for 4/23/2019 |
| 2019-04-16 | Senate | Action deferred in Senate Finance, Ways, and Means Committee to 4/23/2019 |
| 2019-04-10 | Senate | Placed on Senate Finance, Ways, and Means Committee calendar for 4/16/2019 |
| 2019-04-02 | Senate | Refer to Senate Finance, Ways & Means with negative recommendation, as amended |
| 2019-03-26 | Senate | Placed on Senate FW&M Revenue Subcommittee calendar for 4/2/2019 |
| 2019-03-26 | Senate | Action deferred in Senate FW&M Revenue Subcommittee to 4/2/2019 |
| 2019-03-19 | Senate | Placed on Senate FW&M Revenue Subcommittee calendar for 3/26/2019 |
| 2019-03-19 | Senate | Action deferred in Senate FW&M Revenue Subcommittee to 3/26/2019 |
| 2019-03-12 | Senate | Placed on Senate FW&M Revenue Subcommittee calendar for 3/19/2019 |
| 2019-02-19 | Senate | Refer to Senate F,W&M Revenue Subcommittee |
| 2019-02-11 | Senate | Passed on Second Consideration, refer to Senate Finance, Ways, and Means Committee |
| 2019-02-07 | Senate | Introduced, Passed on First Consideration |
| 2019-02-06 | Senate | Filed for introduction |
Same As/Similar To
HB1461 (Crossfiled) 2019-05-29 - Pub. Ch. 503
