SB0430Introduced in the Senate
AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 4, Part 20 and Title 67, Chapter 4, Part 21, relative to credits against franchise and excise tax liability.
Introduced by Shane Reeves, District 14
What does this bill do?
Plain-English breakdown
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Official description
As introduced, urges the department of revenue to study the potential economic impact of making all franchise and excise tax credits transferable to any person or entity other than the entity to whom or to which the credits are initially made available pursuant to the statute creating the credit; requires the department to report to the finance, ways and means committee of the senate and the committee in the house of representatives having jurisdiction over tax-related matters on or before January 1, 2026 if such study is conducted. - Amends TCA Title 67, Chapter 4, Part 20 and Title 67, Chapter 4, Part 21.
Where it stands
Placed on Senate Finance, Ways, and Means Committee calendar for 4/21/2026
April 20, 2026
How did lawmakers vote?
No recorded vote is available for this bill yet.
What do people think?
Citizen Voice
How would you vote on this bill?
An unofficial public opinion poll. It does not affect the bill or the official vote.
One response per device. Location is self-reported and not verified. Results are informal and not a scientific survey.
Bill history
Filed for introduction
Introduced, Passed on First Consideration
Passed on Second Consideration, refer to Senate Finance, Ways, and Means Committee
Refer to Senate F,W&M Revenue Subcommittee
Placed on Senate FW&M Revenue Subcommittee calendar for 3/11/2025
Action deferred in Senate FW&M Revenue Subcommittee to 3/18/2025
Placed on Senate FW&M Revenue Subcommittee calendar for 3/18/2025
Refer to Senate Finance, Ways & Means Committee w/ negative recommendation, as amended
Rule #83(8) Suspended, to be heard in Senate Finance, Ways & Means Committee on 4/15/2025
Placed on Senate Finance, Ways, and Means Committee calendar for 4/15/2025
Placed on Senate Finance, Ways, and Means Committee calendar for 4/21/2025
Action deferred in Senate Finance, Ways, and Means Committee to 1/13/2026
Placed on Senate Finance, Ways, and Means Committee calendar for 4/21/2026
Placed on Senate Finance, Ways, and Means Committee calendar for 4/20/2026
Assigned to General Subcommittee of Senate Finance, Ways, and Means Committee
Placed on Senate Finance, Ways, and Means Committee calendar for 4/21/2026
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