HB0691Introduced in the House
AN ACT to amend Tennessee Code Annotated, Section 67-4-2109, relative to tax credits for financial institutions.
Introduced by Charlie Baum, District 37
What does this bill do?
Plain-English breakdown
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Official description
As enacted, changes the amounts of the franchise and excise tax credits allowed to financial institutions from certain percentages of the unpaid principal balance of certain qualified loans made to eligible housing entities to certain percentages of the month-end average unpaid principal balance of such loans; makes other related revisions. - Amends TCA Section 67-4-2109.
Where it stands
Effective date(s) 01/01/2026
May 27, 2025
How did lawmakers vote?
House votes
4 recorded votes · each counted separately
Senate votes
1 recorded vote · each counted separately
SenateStage: FLOOR VOTE: Third Consideration · April 22, 2025
33
Yes
0
No
0
Absent or Not Voting
33 senators recorded in this Senate vote. Colors show vote categories only, not whether a vote was good or bad.
See how each senator voted
| Senator | District | Vote |
|---|---|---|
| Adam Lowe | 1 | Yes |
| Tom Hatcher | 2 | Yes |
| Rusty Crowe | 3 | Yes |
| Robert Harshbarger | 4 | Yes |
| Randy McNally | 5 | Yes |
| Becky Massey | 6 | Yes |
| Richard Briggs | 7 | Yes |
| Jessie Seal | 8 | Yes |
| Steve Southerland | 9 | Yes |
| Todd Gardenhire | 10 | Yes |
Bill history
Filed for introduction
Intro., P1C.
P2C, ref. to Finance, Ways, and Means Committee
Assigned to s/c Finance, Ways, and Means Subcommittee
Placed on s/c cal Finance, Ways, and Means Subcommittee for 2/26/2025
Placed behind the budget
Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/14/2025
Sponsor(s) Added.
Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/17/2025
Rec. for pass by s/c ref. to Finance, Ways, and Means Committee
Rec. for pass. if am., ref. to Calendar & Rules Committee
Placed on cal. Calendar & Rules Committee for 4/17/2025
H. Placed on Regular Calendar for 4/21/2025
H. adopted am. (Amendment 1 - HA0502)
Passed H., as am., Ayes 92, Nays 0, PNV 0
Engrossed; ready for transmission to Sen.
Received from House, Passed on First Consideration
Senate substituted House Bill for companion Senate Bill.
Amendment withdrawn. (Amendment 1 - SA0448)
Passed Senate, Ayes 33, Nays 0
Enrolled; ready for sig. of H. Speaker.
Signed by H. Speaker
Signed by Senate Speaker
Transmitted to Governor for his action.
Signed by Governor.
Pub. Ch. 496
Effective date(s) 01/01/2026
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