TN SB1744 | 2017-2018 | 110th General Assembly
Status
Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on January 23 2018 - 25% progression, died in committee
Action: 2018-04-23 - Assigned to General Subcommittee of Senate Finance, Ways, and Means Committee
Pending: Senate Finance, Ways and Means Committee
Text: Latest bill text (Draft #1) [PDF]
Status: Introduced on January 23 2018 - 25% progression, died in committee
Action: 2018-04-23 - Assigned to General Subcommittee of Senate Finance, Ways, and Means Committee
Pending: Senate Finance, Ways and 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
| Sen. Jack Johnson [R] | Sen. Mark Green [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2018-04-23 | Senate | Assigned to General Subcommittee of Senate Finance, Ways, and Means Committee |
| 2018-04-19 | Senate | Placed on Senate Finance, Ways, and Means Committee calendar for 4/23/2018 |
| 2018-04-18 | Senate | Action deferred in Senate Finance, Ways, and Means Committee to 4/23/2018 |
| 2018-04-18 | Senate | Placed on Senate Finance, Ways, and Means Committee calendar for 4/18/2018 |
| 2018-04-17 | Senate | Action deferred in Senate Finance, Ways, and Means Committee to 4/18/2018 |
| 2018-04-13 | Senate | Placed on Senate Finance, Ways, and Means Committee calendar for 4/17/2018 |
| 2018-04-09 | Senate | Sponsor(s) Added. |
| 2018-03-06 | Senate | Refer to Senate Finance, Ways & Means Committee w/ negative recommendation |
| 2018-02-28 | Senate | Placed on Senate FW&M Revenue Subcommittee calendar for 3/6/2018 |
| 2018-02-27 | Senate | Action deferred in Senate F,W&M Revenue Subcommittee to 3/6/2018 |
| 2018-02-21 | Senate | Placed on Senate FW&M Revenue Subcommittee calendar for 2/27/2018 |
| 2018-02-13 | Senate | Refer to Senate F,W&M Revenue Subcommittee |
| 2018-01-25 | Senate | Passed on Second Consideration, refer to Senate Finance, Ways, and Means Committee |
| 2018-01-24 | Senate | Introduced, Passed on First Consideration |
| 2018-01-23 | Senate | Filed for introduction |
Same As/Similar To
HB1593 (Crossfiled) 2018-04-18 - Taken off notice for cal in s/c Finance, Ways & Means Subcommittee of Finance, Ways & Means Committee
