TN SB2694 | 2023-2024 | 113th General Assembly
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 31 2024 - 25% progression, died in committee
Action: 2024-04-19 - Placed on Senate Finance, Ways, and Means Committee calendar for 4/23/2024
Pending: Senate Finance, Ways and Means Committee
Text: Latest bill text (Draft #1) [PDF]
Status: Introduced on January 31 2024 - 25% progression, died in committee
Action: 2024-04-19 - Placed on Senate Finance, Ways, and Means Committee calendar for 4/23/2024
Pending: Senate Finance, Ways and Means Committee
Text: Latest bill text (Draft #1) [PDF]
Summary
As introduced, retroactively allows employers to take a deduction from net earnings for state excise tax filing purposes, in the amount of expenses, including wages and compensation, associated with their employee retention credit allowable on their federal payroll tax return. - Amends TCA Title 67, Chapter 4, Part 20 and Title 67, Chapter 4, Part 21.
Title
AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 4, Part 20 and Title 67, Chapter 4, Part 21, relative to taxation of federal employee retention credits.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2024-04-19 | Senate | Placed on Senate Finance, Ways, and Means Committee calendar for 4/23/2024 |
| 2024-04-11 | Senate | Placed on Senate Finance, Ways, and Means Committee calendar for 4/15/2024 |
| 2024-03-12 | Senate | Refer to Senate Finance, Ways & Means Committee w/ negative recommendation |
| 2024-03-05 | Senate | Placed on Senate FW&M Revenue Subcommittee calendar for 3/12/2024 |
| 2024-03-05 | Senate | Action deferred in Senate FW&M Revenue Subcommittee to 3/12/2024 |
| 2024-02-27 | Senate | Placed on Senate FW&M Revenue Subcommittee calendar for 3/5/2024 |
| 2024-02-20 | Senate | Refer to Senate F,W&M Revenue Subcommittee |
| 2024-02-05 | Senate | Passed on Second Consideration, refer to Senate Finance, Ways, and Means Committee |
| 2024-02-01 | Senate | Introduced, Passed on First Consideration |
| 2024-01-31 | Senate | Filed for introduction |
Same As/Similar To
HB2134 (Crossfiled) 2024-01-31 - Assigned to s/c Finance, Ways, and Means Subcommittee
