| Latest Action: 04/03/2008 - Companion Senate Bill Substituted
Bill TextHospitals and Health Care Facilities - Reduces the gross receipts tax on intermediate care facilities for the mentally retarded (ICFMR) from 6 percent to 5.5 percent, retroactive to January 1, 2008. - Amends TCA Section 68-11-830(d)(2). Fiscal Summary for *HB4156 / SB4178(CORRECTED) Decrease State Revenue - $700,000/FY07-08 $1,300,000/FY08-09 and Subsequent Years (Revenue reduction of $700,000 in FY07-08 and $1,300,000 in FY08-09 is included in the Governors FY08-09 Recommended Budget) | | Latest Action: 02/07/2008 - Passed second consideration, caption bill, held on desk - pending amdt.
Bill TextTaxes, Franchise - Corrects internal cross-references in franchise tax provisions to clarify to whom the tax applies. - Amends TCA Title 67. Fiscal Summary for *HB4193 / SB4191 MINIMAL | | Latest Action: 02/07/2008 - Passed second consideration, caption bill, held on desk - pending amdt.
Bill TextHospitals and Health Care Facilities - Clarifies that amendments to the nursing home privilege tax provisions do not operate to excuse the monthly installment payment of the nursing home privilege tax due on July 15, 2007, or any other nursing home privilege tax that may be due. - Amends TCA Title 68. Fiscal Summary for *HB4208 / SB4209MINIMAL | | Latest Action: 04/30/2008 - Action Deferred in Senate Tax Sub Comm. to next Calendar
Bill TextTaxes, Franchise - Corrects internal cross-references in franchise tax provisions to clarify to whom the tax applies. - Amends TCA Title 67. Fiscal Summary for SB4191 / *HB4193 MINIMAL | | Latest Action: 04/21/2008 - Signed by Governor.
Bill TextHospitals and Health Care Facilities - Reduces the gross receipts tax on intermediate care facilities for the mentally retarded (ICFMR) from 6 percent to 5.5 percent, retroactive to January 1, 2008. - Amends TCA Section 68-11-830(d)(2). Fiscal Summary for SB4178 / *HB4156(CORRECTED) Decrease State Revenue - $700,000/FY07-08 $1,300,000/FY08-09 and Subsequent Years (Revenue reduction of $700,000 in FY07-08 and $1,300,000 in FY08-09 is included in the Governors FY08-09 Recommended Budget) | | Latest Action: 04/08/2008 - Assigned to Gen. Sub of: Senate Tax Sub Committee of F,W&M.
Bill TextCompanion Bill HB4000. Taxes - Levies a tax on property or service at spallation neutron facility that is leased. - Amends TCA Section 67-6-384. Fiscal Summary for SB4056 / *HB4000Increase State Revenue - $474,000 Increase Local Revenue - $152,400 Bill Summary for SB4056 / *HB4000 Present law exempts from sales and use tax the following property and services with respect to a spallation neutron source facility that is funded by the United States government or instrumentality thereof, not funded with any state funds, and located at a national laboratory: (1) Property that becomes a component part of or is used exclusively in the operation or repair of the facility; (2) Services, materials, or items furnished or supplied to the facility and used exclusively in the operation of the facility; and (3) Property, services, [...] show full description | | Latest Action: 02/20/2008 - Assigned to Subcommittee Budget of FW&M
Bill TextTaxes, Sales - Exempts certain small businesses from the requirement that sales and use tax returns and payments must be filed electronically with the department of revenue; prohibits imposition of certain penalties. - Amends TCA Section 67-1-703 and Section 67-6-504. Fiscal Summary for HB3960 / *SB3969Decrease State Revenue - Less than $50,000/One-Time Increase State Expenditures - $2,000/One-Time | | Latest Action: 03/03/2008 - Assigned to Gen. Sub of Senate Tax Sub Comm.
Bill TextHospitals and Health Care Facilities - Clarifies that amendments to the nursing home privilege tax provisions do not operate to excuse the monthly installment payment of the nursing home privilege tax due on July 15, 2007, or any other nursing home privilege tax that may be due. - Amends TCA Title 68. Fiscal Summary for SB4209 / *HB4208MINIMAL | | Latest Action: 02/06/2008 - Referred to Senate Tax Sub Comm.
Bill TextTaxes - Provides exemption for sales tax holiday for software costing less than $100. - Amends TCA Title 49; Title 67, Chapter 5 and Title 67, Chapter 6, Part 3. Fiscal Summary for *SB4083 / HB4056Decrease State Revenue - $684,100 Increase State Expenditures - $219,900 | | Latest Action: 03/12/2008 - Placed Behind the Budget
Bill TextSports - Modifies certain statutory provisions pertaining to sports authorities and tax incentives. - Amends TCA Title 7, Chapter 67; Title 67, Chapter 4 and Title 67, Chapter . Fiscal Summary for *HB3919 / SB4010Decrease State Revenue - $157,500 Increase Local Revenue - $157,500 Other Fiscal Impact - Additional foregone state revenue, and offsetting increases to local government revenue, of unknown amounts if additional Southern Professional Hockey League teams locate in Tennessee as a result of this legislation. In addition, there could be a subsequent decrease of state revenue of an unknown amount estimated to exceed $50,000 in FY11-12 occurring as a result of extending the deadline for creating a required number of jobs in order to be eligible for job tax credits. | | Latest Action: 04/30/2008 - Action Deferred in Senate Tax Sub Comm. to next Calendar
Bill TextCompanion Bill HB4191. Taxes - Requires certain reports to be filed annually with the general assembly. - Amends TCA Title 67. Fiscal Summary for SB4139 / *HB4191Increase State Expenditures - Not Significant Bill Summary for SB4139 / *HB4191 Present law requires the commissioner of revenue to make a careful study and investigation of the tax laws of other states. The commissioner must prepare and transmit to the general assembly on the first day of its organizational session a report of the commissioner's work and the work of the state board of equalization and make such recommendations as the commissioner deems best for the interest of the state. This bill revises the above provisions to require that the report be filed on the first day of organization session and, in even-numbered years, on the first day of the regular annual [...] show full description | | Latest Action: 04/02/2008 - Taken Off Notice For Calendar in Subcommittee Environment of Conservation and Environment of Conservation & Environment Committee
Bill TextCompanion Bill SB3956. Water Pollution - Allows tax incentives to be given for applications meeting certain requirements that are submitted for the issuance of permits for the alteration of aquatic resources. - Amends TCA Title 67 and Title 69. Fiscal Summary for HB3965 / *SB3956 Forego State Revenue - Less than $50,000 Increase State Expenditures - $128,600/One-Time $185,500/Recurring Bill Summary for HB3965 / *SB3956 Under present law, it is unlawful for any person to carry out certain activities, including the following, except in accordance with the conditions of a valid permit: (1) The construction, installation, modification, or operation of any treatment works, or part thereof, or any extension or addition thereto; (2) The development of a natural resource or the construction, installation, or operation [...] show full description | | Latest Action: 04/08/2008 - Assigned to Gen. Sub of: Senate Tax Sub Committee of F,W&M.
Bill TextSports - Modifies certain statutory provisions pertaining to sports authorities and tax incentives. - Amends TCA Title 7, Chapter 67; Title 67, Chapter 4 and Title 67, Chapter . Fiscal Summary for SB4010 / *HB3919Decrease State Revenue - $157,500 Increase Local Revenue - $157,500 Other Fiscal Impact - Additional foregone state revenue, and offsetting increases to local government revenue, of unknown amounts if additional Southern Professional Hockey League teams locate in Tennessee as a result of this legislation. In addition, there could be a subsequent decrease of state revenue of an unknown amount estimated to exceed $50,000 in FY11-12 occurring as a result of extending the deadline for creating a required number of jobs in order to be eligible for job tax credits. | | Latest Action: 04/30/2008 - Action Deferred in Senate Tax Sub Comm. to next Calendar
Bill TextCompanion Bill HB4129. Taxes - Changes the effective date of the repeal of the sales tax exemption for certain club membership dues from July 1, 2009, to July 1, 2008; revises provision governing sales price of bundled services; revises other sales tax-related provisions. - Amends TCA Title 67 and Chapter 602 of the Public Acts of 2007. Fiscal Summary for SB4173 / *HB4129Increase State Revenue - $965,700 Increase Local Revenue - $310,400 Bill Summary for SB4173 / *HB4129 This bill revises various sales-tax related provisions, as follows: (1) Under present law, the first $150 per member per annum of membership dues or fees of a recreation club or community service organization are exempt from sales tax. This exemption is scheduled to be repealed on July 1, 2009. This bill changes the repeal date to July 1, 2008. (2) [...] show full description | | Latest Action: 04/09/2008 - Taken Off Notice For Calendar in Subcommittee Budget of Finance, Ways and Means of Finance, Ways & Means Committee
Bill TextCompanion Bill SB4056. Taxes - Levies a tax on property or service at spallation neutron facility that is leased. - Amends TCA Section 67-6-384. Fiscal Summary for *HB4000 / SB4056Increase State Revenue - $474,000 Increase Local Revenue - $152,400 Bill Summary for *HB4000 / SB4056 Present law exempts from sales and use tax the following property and services with respect to a spallation neutron source facility that is funded by the United States government or instrumentality thereof, not funded with any state funds, and located at a national laboratory: (1) Property that becomes a component part of or is used exclusively in the operation or repair of the facility; (2) Services, materials, or items furnished or supplied to the facility and used exclusively in the operation of the facility; and (3) Property, services, [...] show full description | | Latest Action: 04/08/2008 - Assigned to Gen. Sub of: Senate Tax Sub Committee of F,W&M.
Bill TextCompanion Bill HB4159. Taxes - Clarifies that insurance companies are exempt from franchise and excise tax; revises provision regarding credit against excise tax for certain insurance companies. - Amends TCA Title 56 and Title 67. Fiscal Summary for SB4174 / *HB4159 MINIMAL Bill Summary for SB4174 / *HB4159 Present law generally imposes a gross premiums tax on insurance companies writing life, fire, marine, fidelity, surety, casualty, liability, or other forms of insurance. Under TCA Section 56-4-217, the amount of the premium taxes collected under present law is a single credit against the sum total of the taxes imposed by the Franchise Tax Law and by the Excise Tax Law. Present law provides: (1) To the extent any franchise or excise tax liability remains after application of the credit, such tax liability will be [...] show full description | | Latest Action: 02/20/2008 - Assigned to Subcommittee Budget of FW&M
Bill TextTaxes - Provides exemption for sales tax holiday for software costing less than $100. - Amends TCA Title 49; Title 67, Chapter 5 and Title 67, Chapter 6, Part 3. Fiscal Summary for HB4056 / *SB4083Decrease State Revenue - $684,100 Increase State Expenditures - $219,900 | | Latest Action: 02/20/2008 - Assigned to Subcommittee Budget of FW&M
Bill TextCompanion Bill SB4005. Taxes, Business - Authorizes certain credits relative to certain business taxes. - Amends TCA Title 67, Chapter 4, Part 7. Fiscal Summary for HB3956 / *SB4005Decrease State Revenue - Exceeds $500,000 Increase State Expenditures1 - $36,000/One-Time Bill Summary for HB3956 / *SB4005 Under present law, the following credits, among others, may be taken by persons filing and paying the business tax: (1) Personal property taxes properly paid pursuant to present law. Personal property taxes assessed pursuant to audit and subsequently paid may be taken as a credit either on the business tax return filed for the year in which the additional personal property tax was paid or on the return covering the immediately previous year. Personal property taxes paid subsequent to the due date for business taxes in any year,[...] show full description | | Latest Action: 02/20/2008 - Assigned to Subcommittee Budget of FW&M
Bill TextCompanion Bill SB4173. Taxes - Changes the effective date of the repeal of the sales tax exemption for certain club membership dues from July 1, 2009, to July 1, 2008; revises provision governing sales price of bundled services; revises other sales tax-related provisions. - Amends TCA Title 67 and Chapter 602 of the Public Acts of 2007. Fiscal Summary for *HB4129 / SB4173Increase State Revenue - $965,700 Increase Local Revenue - $310,400 Bill Summary for *HB4129 / SB4173 This bill revises various sales-tax related provisions, as follows: (1) Under present law, the first $150 per member per annum of membership dues or fees of a recreation club or community service organization are exempt from sales tax. This exemption is scheduled to be repealed on July 1, 2009. This bill changes the repeal date to July 1, 2008. (2) [...] show full description | | Latest Action: 02/20/2008 - Assigned to Subcommittee Budget of FW&M
Bill TextCompanion Bill SB4004. Taxes, Business - Modifies certain policies and procedures pertaining to collection of business taxes. - Amends TCA Title 67, Chapter 4, Part 7. Fiscal Summary for HB3957 / *SB4004Decrease State Revenue - Exceeds $100,000 Increase Local Revenue - Exceeds $100,000 Increase Local Expenditures - Exceeds $100,000/Permissive Bill Summary for HB3957 / *SB4004 Present law requires every person taxable under the Business Tax Act, prior to engaging in business, to register with the county clerk, in the case of taxes owed to the county, and with the city official designated as the collector of tax by city charter or ordinance, in the case of taxes owed to a municipality. Any metropolitan government that has levied the business taxes may designate the county clerk as the collector of the tax for the entire metropolitan taxing [...] show full description | | Latest Action: 02/07/2008 - Passed second consideration, caption bill, held on desk - pending amdt.
Bill TextCompanion Bill SB4174. Taxes - Clarifies that insurance companies are exempt from franchise and excise tax; revises provision regarding credit against excise tax for certain insurance companies. - Amends TCA Title 56 and Title 67. Fiscal Summary for *HB4159 / SB4174 MINIMAL Bill Summary for *HB4159 / SB4174 Present law generally imposes a gross premiums tax on insurance companies writing life, fire, marine, fidelity, surety, casualty, liability, or other forms of insurance. Under TCA Section 56-4-217, the amount of the premium taxes collected under present law is a single credit against the sum total of the taxes imposed by the Franchise Tax Law and by the Excise Tax Law. Present law provides: (1) To the extent any franchise or excise tax liability remains after application of the credit, such tax liability will be [...] show full description | | Latest Action: 02/06/2008 - Referred to Senate Tax Sub Comm.
Bill TextCompanion Bill HB3957. Taxes, Business - Modifies certain policies and procedures pertaining to collection of business taxes. - Amends TCA Title 67, Chapter 4, Part 7. Fiscal Summary for *SB4004 / HB3957Decrease State Revenue - Exceeds $100,000 Increase Local Revenue - Exceeds $100,000 Increase Local Expenditures - Exceeds $100,000/Permissive Bill Summary for *SB4004 / HB3957 Present law requires every person taxable under the Business Tax Act, prior to engaging in business, to register with the county clerk, in the case of taxes owed to the county, and with the city official designated as the collector of tax by city charter or ordinance, in the case of taxes owed to a municipality. Any metropolitan government that has levied the business taxes may designate the county clerk as the collector of the tax for the entire metropolitan taxing [...] show full description | | Latest Action: 04/16/2008 - Taken Off Notice For Calendar in Subcommittee Local Government of S&LG of State & Local Government Committee
Bill TextCompanion Bill SB4139. Taxes - Requires certain reports to be filed annually with the general assembly. - Amends TCA Title 67. Fiscal Summary for *HB4191 / SB4139Increase State Expenditures - Not Significant Bill Summary for *HB4191 / SB4139 Present law requires the commissioner of revenue to make a careful study and investigation of the tax laws of other states. The commissioner must prepare and transmit to the general assembly on the first day of its organizational session a report of the commissioner's work and the work of the state board of equalization and make such recommendations as the commissioner deems best for the interest of the state. This bill revises the above provisions to require that the report be filed on the first day of organization session and, in even-numbered years, on the first day of the regular annual [...] show full description | | Latest Action: 02/06/2008 - Referred to Senate Tax Sub Comm.
Bill TextCompanion Bill HB3956. Taxes, Business - Authorizes certain credits relative to certain business taxes. - Amends TCA Title 67, Chapter 4, Part 7. Fiscal Summary for *SB4005 / HB3956Decrease State Revenue - Exceeds $500,000 Increase State Expenditures1 - $36,000/One-Time Bill Summary for *SB4005 / HB3956 Under present law, the following credits, among others, may be taken by persons filing and paying the business tax: (1) Personal property taxes properly paid pursuant to present law. Personal property taxes assessed pursuant to audit and subsequently paid may be taken as a credit either on the business tax return filed for the year in which the additional personal property tax was paid or on the return covering the immediately previous year. Personal property taxes paid subsequent to the due date for business taxes in any year,[...] show full description | | Latest Action: 05/01/2008 - Placed on Senate Finance, Ways and Means Comm. Calendar for 05/06/2008
Bill TextCompanion Bill HB3727. Taxes - Revises various provisions governing real and personal property tax exemptions such as provision for exemption for church parsonage and provision governing exemptions for federally assisted housing. - Amends TCA Title 67, Chapter 5, Part 2. Fiscal Summary for SB3944 / *HB3727 Increase Local Revenue - $366,000 Bill Summary for SB3944 / *HB3727 This bill revises various provisions governing property tax, as follows: (1) Present law exempts from property tax the property of not-for-profit organizations funded under the federal HOME Investment Partnerships Program or funded as a special needs project under the state HOUSE program and used as permanent housing for low income and very low income persons with "permanent conditions" within the meaning of the HOUSE program. This bill revises this exemption to [...] show full description | | Latest Action: 05/02/2008 - Placed on Senate Regular Calendar (1) Calendar for 05/07/2008
Bill TextCompanion Bill HB3725. Taxes - Revises provisions under the Tennessee State Revenue Sharing Act, regarding TVA payment in lieu of taxes, governing allocation to the University of Tennessee for use in operating the county technical assistance service. - Amends TCA Title 67, Chapter 9, Part 1. Fiscal Summary for SB3946 / *HB3725Other Fiscal Impact - If impact funds allocated to the University of Tennessee for operating the County Technical Assistance Service will not be maintained at the same level, counties must make up the difference and county revenue will decrease. The CTAS appropriation for FY07-08 is $1,928,078.84, thus the maximum shift in funds from counties to CTAS is $1,928,078.84. Bill Summary for SB3946 / *HB3725 PRESENT LAW Under present law, from any increase in the payments received by the state from the Tennessee Valley [...] show full description | | Latest Action: 02/06/2008 - Referred to Senate Tax Sub Comm.
Bill TextTaxes, Sales - Exempts certain small businesses from the requirement that sales and use tax returns and payments must be filed electronically with the department of revenue; prohibits imposition of certain penalties. - Amends TCA Section 67-1-703 and Section 67-6-504. Fiscal Summary for *SB3969 / HB3960Decrease State Revenue - Less than $50,000/One-Time Increase State Expenditures - $2,000/One-Time | | Latest Action: 04/08/2008 - Assigned to Gen. Sub of: Senate Tax Sub Committee of F,W&M.
Bill TextCompanion Bill HB3965. Water Pollution - Allows tax incentives to be given for applications meeting certain requirements that are submitted for the issuance of permits for the alteration of aquatic resources. - Amends TCA Title 67 and Title 69. Fiscal Summary for *SB3956 / HB3965 Forego State Revenue - Less than $50,000 Increase State Expenditures - $128,600/One-Time $185,500/Recurring Bill Summary for *SB3956 / HB3965 Under present law, it is unlawful for any person to carry out certain activities, including the following, except in accordance with the conditions of a valid permit: (1) The construction, installation, modification, or operation of any treatment works, or part thereof, or any extension or addition thereto; (2) The development of a natural resource or the construction, installation, or operation [...] show full description | | Latest Action: 05/02/2008 - Placed on Senate Regular Calendar (1) Calendar for 05/07/2008
Bill TextCompanion Bill HB3726. Economic and Community Development - Revises provisions reporting requirements for certain entities operating under payment in lieu of tax (PILOT) agreements; imposes penalty for failure to file certain economic development plans in timely manner; revises other related provisions. - Amends TCA Section 4-17-303; Section 7-53-305; Section 7-53-312; Section 7-67-114 and Section 48-101-312. Fiscal Summary for SB3945 / *HB3726 Increase State Revenue - Not Significant Increase Local Revenue - Not Significant Bill Summary for SB3945 / *HB3726 Under the present law provisions governing property tax incentives for economic development, all economic development agreements must be in writing and submitted to the chief executive officer of each jurisdiction in which the property is located and to the comptroller of the treasury,[...] show full description | | Latest Action: 04/21/2008 - Received from House, Passed first consideration
Bill TextCompanion Bill SB3945. Economic and Community Development - Revises provisions reporting requirements for certain entities operating under payment in lieu of tax (PILOT) agreements; imposes penalty for failure to file certain economic development plans in timely manner; revises other related provisions. - Amends TCA Section 4-17-303; Section 7-53-305; Section 7-53-312; Section 7-67-114 and Section 48-101-312. Fiscal Summary for *HB3726 / SB3945 Increase State Revenue - Not Significant Increase Local Revenue - Not Significant Bill Summary for *HB3726 / SB3945 Under the present law provisions governing property tax incentives for economic development, all economic development agreements must be in writing and submitted to the chief executive officer of each jurisdiction in which the property is located and to the comptroller of the treasury,[...] show full description | | Latest Action: 04/16/2008 - Placed Behind the Budget
Bill TextCompanion Bill SB3946. Taxes - Revises provisions under the Tennessee State Revenue Sharing Act, regarding TVA payment in lieu of taxes, governing allocation to the University of Tennessee for use in operating the county technical assistance service. - Amends TCA Title 67, Chapter 9, Part 1. Fiscal Summary for *HB3725 / SB3946Other Fiscal Impact - If impact funds allocated to the University of Tennessee for operating the County Technical Assistance Service will not be maintained at the same level, counties must make up the difference and county revenue will decrease. The CTAS appropriation for FY07-08 is $1,928,078.84, thus the maximum shift in funds from counties to CTAS is $1,928,078.84. Bill Summary for *HB3725 / SB3946 PRESENT LAW Under present law, from any increase in the payments received by the state from the Tennessee Valley [...] show full description | | Latest Action: 04/30/2008 - Placed on Subcommittee Calendar Budget of Finance, Ways and Means for 05/07/2008
Bill TextCompanion Bill SB3944. Taxes - Revises various provisions governing real and personal property tax exemptions such as provision for exemption for church parsonage and provision governing exemptions for federally assisted housing. - Amends TCA Title 67, Chapter 5, Part 2. Fiscal Summary for *HB3727 / SB3944 Increase Local Revenue - $366,000 Bill Summary for *HB3727 / SB3944 This bill revises various provisions governing property tax, as follows: (1) Present law exempts from property tax the property of not-for-profit organizations funded under the federal HOME Investment Partnerships Program or funded as a special needs project under the state HOUSE program and used as permanent housing for low income and very low income persons with "permanent conditions" within the meaning of the HOUSE program. This bill revises this exemption to [...] show full description | | Latest Action: 02/20/2008 - Assigned to Subcommittee Environment of CON
Bill TextCompanion Bill SB3646. Water Pollution - Allows tax incentives to be given for applications meeting certain requirements that are submitted for the issuance of permits for the alteration of aquatic resources. - Amends TCA Title 69. Fiscal Summary for HB3716 / *SB3646 Forego State Revenue - Less than $50,000 Increase State Expenditures - $128,600/One-Time $185,500/Recurring Bill Summary for HB3716 / *SB3646 Under present law, it is unlawful for any person to carry out certain activities, including the following, except in accordance with the conditions of a valid permit: (1) The construction, installation, modification, or operation of any treatment works, or part thereof, or any extension or addition thereto; (2) The development of a natural resource or the construction, installation, or operation of any establishment [...] show full description | | Latest Action: 04/15/2008 - Taken Off Notice For Calendar in: State & Local Government Committee
Bill TextCompanion Bill SB3743. Property Assessors - Revises the number of parcels for calculating the minimum staff required to assist the county assessor of property. - Amends TCA Title 67. Fiscal Summary for HB3439 / *SB3743 Increase Local Expenditures - Exceeds $3,605,500/Permissive Bill Summary for HB3439 / *SB3743 Under present law, in order to assure that each county assessor of property has a minimum staff to assist the county assessor in carrying out the duties and responsibilities required by law, the assessor is authorized to appoint at least one deputy assessor for each 4,500 parcels of property, as determined by the division of property assessments, over and above the first 4,500 parcels of property within the assessor's taxing jurisdiction. This bill changes the deputy assessor/parcels ratio to be one deputy assessor for each 3,000 parcels [...] show full description | | Latest Action: 03/12/2008 - Placed Behind the Budget
Bill TextCompanion Bill SB3820. Taxes, Inheritance Gift - Abolishes inheritance taxes beginning in 2009. - Amends TCA Title 8 and Title 67. Fiscal Summary for HB3493 / *SB3820Decrease State Revenue - $75,200,000 / FY09-10 Exceeds $76,600,000 / FY10-11 and thereafter Bill Summary for HB3493 / *SB3820 Under present law, for the purpose of determining the net taxable estate for inheritance taxes, a maximum single exemption is allowed against the portion of the estate distributable to one or more beneficiaries. The amount of the exemption is based on the date of the decedent's death, as follows: (1) On or after July 1, 1998, but before January 1, 1999: $625,000; (2) In 1999: $650,000; (3) In 2000 and 2001: $675,000; (4) In 2002 and 2003: $700,000; (5) In 2004: $850,000; (6) In 2005: [...] show full description | | Latest Action: 04/02/2008 - Placed Behind the Budget
Bill TextCompanion Bill SB3759. Taxes, Privilege - Establishes certain methods for determining the party responsible for paying the bottled soft drinks tax. - Amends TCA Section 67-4-402(b)(4) and 67-4-402(d). Fiscal Summary for HB3523 / *SB3759(CORRECTED) Decrease State Revenue - $300,000 Bill Summary for HB3523 / *SB3759 Present law imposes a 1.9 percent privilege tax on gross receipts derived from manufacturing or producing and selling bottled soft drinks in Tennessee. The tax also applies to any person who imports bottled soft drinks into Tennessee and for sale within Tennessee. A person who imports bottled soft drinks into Tennessee and for sale in Tennessee is not required to pay the tax, if the person's out-of-state supplier of bottled soft drinks paid the tax. This bill would require that when a manufacturer, producer, or seller of bottled [...] show full description | | Latest Action: 04/30/2008 - Placed on Subcommittee Calendar Budget of Finance, Ways and Means for 05/07/2008
Bill TextCompanion Bill SB3617. Regional Authorities and Special Districts - Distributes funds from counties to regional development authorities to subsidize shortfalls of impact funds in certain circumstances. - Amends TCA Section 67-9-102(b)(3)(D). Fiscal Summary for HB3354 / *SB3617Other Fiscal Impact - The Four Lakes Regional Development Authority (Four Lakes) will receive $650,000 in TVA construction impact funds in FY08-09 rather than $97,500 under the current allocation. The additional allocation of $552,500 to Four Lakes will be redirected from funds that would otherwise be allocated to all 95 counties under TVAs payment in lieu of taxes program. Bill Summary for HB3354 / *SB3617 PRESENT LAW Under present law, from any increase in the payments received by the state from the Tennessee Valley authority in lieu of taxes above the payments [...] show full description | | Latest Action: 01/24/2008 - Passed second consideration, caption bill, held on desk - pending amdt.
Bill TextTaxes - Requires promulgation of rules by commissioner of revenue regarding access to taxpayers' records by tax assessors to comply with Uniform Administrative Procedures Act. - Amends TCA Title 67. Fiscal Summary for *HB3184 / SB3576Increase State Revenue - Not Significant Increase State Expenditures - Not Significant Increase Local Govt. Expenditures - Not Significant | | Latest Action: 03/04/2008 - Withdrawn.
Bill TextCompanion Bill HB3716. Water Pollution - Allows tax incentives to be given for applications meeting certain requirements that are submitted for the issuance of permits for the alteration of aquatic resources. - Amends TCA Title 69. Fiscal Summary for *SB3646 / HB3716 Forego State Revenue - Less than $50,000 Increase State Expenditures - $128,600/One-Time $185,500/Recurring Bill Summary for *SB3646 / HB3716 Under present law, it is unlawful for any person to carry out certain activities, including the following, except in accordance with the conditions of a valid permit: (1) The construction, installation, modification, or operation of any treatment works, or part thereof, or any extension or addition thereto; (2) The development of a natural resource or the construction, installation, or operation of any establishment [...] show full description | | Latest Action: 02/05/2008 - Assigned to Gen. Sub of: Senate Tax Sub Committee of F,W&M.
Bill TextTaxes - Requires promulgation of rules by commissioner of revenue regarding access to taxpayers' records by tax assessors to comply with Uniform Administrative Procedures Act. - Amends TCA Title 67. Fiscal Summary for SB3576 / *HB3184Increase State Revenue - Not Significant Increase State Expenditures - Not Significant Increase Local Govt. Expenditures - Not Significant | | Latest Action: 03/25/2008 - Assigned to Gen. Sub of Senate Tax Sub Comm.
Bill TextCompanion Bill HB3029. Taxes - Creates a "tax-me-more fund" in the general fund for voluntary donations by taxpayers; all funds in such account are earmarked for abortion prevention. - Amends TCA Title 67, Chapter 1, Part 1. Fiscal Summary for SB3686 / *HB3029Increase State Revenue - Not Significant Increase State Expenditures - $78,600 / One-Time Bill Summary for SB3686 / *HB3029 This bill creates a "Tax-me-more" account in the general fund, the purpose of which is to receive voluntary contributions from persons who believe that they are under-taxed. This bill requires state tax forms to include an option for taxpayers to designate any tax refund to which they may be entitled to the Tax-me-more account. Contributions to the Tax-me-more account would not entitle the contributor to any tax deduction. The commissioner [...] show full description | | Latest Action: 04/29/2008 - Received from House, Passed first consideration
Bill TextCompanion Bill SB3744. County Officers - Directs the code commission to change all references of "tax assessors" to "assessors of property" as sections are amended or volumes are replaced. - Amends TCA Title 1 and Title 67. Fiscal Summary for *HB3128 / SB3744Increase State Expenditures - Not Significant Bill Summary for *HB3128 / SB3744Summary *HB 3128 by *Yokley, Strader (SB 3744 by *Ketron). County Officers - Directs the code commission to change all references of "tax assessors" to "assessors of property" as sections are amended or volumes are replaced. - Amends TCA Title 1 and Title 67. | | Latest Action: 01/30/2008 - Assigned to Subcommittee Budget of FW&M
Bill TextTaxes, Exemption and Credits - Exempts from sales and use taxes any motor vehicle 10 or more years old and selling for $10,000 dollars or less. - Amends TCA Title 67, Chapter 6, Part 3. Fiscal Summary for *HB3157 / SB3293Decrease State Revenue - Net Impact - $15,608,700 Decrease Local Revenue - Net Impact - $5,838,600 | | Latest Action: 05/02/2008 - Placed on Senate Regular Calendar (1) Calendar for 05/07/2008
Bill TextCompanion Bill HB3128. County Officers - Directs the code commission to change all references of "tax assessors" to "assessors of property" as sections are amended or volumes are replaced. - Amends TCA Title 1 and Title 67. Fiscal Summary for SB3744 / *HB3128Increase State Expenditures - Not Significant Bill Summary for SB3744 / *HB3128Summary *HB 3128 by *Yokley, Strader (SB 3744 by *Ketron). County Officers - Directs the code commission to change all references of "tax assessors" to "assessors of property" as sections are amended or volumes are replaced. - Amends TCA Title 1 and Title 67. | | Latest Action: 03/11/2008 - Assigned to Gen. Sub of: Senate Tax Sub Committee of F,W&M.
Bill TextTaxes, Exemption and Credits - Exempts from sales and use taxes any motor vehicle 10 or more years old and selling for $10,000 dollars or less. - Amends TCA Title 67, Chapter 6, Part 3. Fiscal Summary for SB3293 / *HB3157Decrease State Revenue - Net Impact - $15,608,700 Decrease Local Revenue - Net Impact - $5,838,600 | | Latest Action: 02/12/2008 - Assigned to Gen. Sub of: Senate Tax Sub Committee of F,W&M.
Bill TextEconomic and Community Development - Modifies certain policies pertaining to certain job creation tax incentive programs. - Amends TCA Title 67, Chapter 4 and Title 67, Chapter 6. Fiscal Summary for *SB3243Other Fiscal Impact - The fiscal impact of this bill is dependent upon multiple unknown factors such as whether any current or future taxpayer(s) would become eligible for sales and use tax credits, currently authorized for establishing qualified headquarter facilities in Tennessee, as a direct result of the inclusion of the proposed language into the definition of facility. If there are any current taxpayers that would become eligible for such tax credits as a result of establishing a structurally modified building, then there would be a decrease of state revenue of an unknown amount which would be dependent upon the extent of any sale of qualified tangible personal property. If there are any future taxpayers, who are not taxpayers currently, that would qualify [...] show full description | | Latest Action: 04/29/2008 - Assigned to Gen. Sub of Senate F,W&M Comm.
Bill TextTaxes, Income - Increases the number of senior citizens who are exempt from the Hall income tax. - Amends TCA Title 67, Chapter 2, Part 1. Fiscal Summary for *SB3336Decrease State Revenue - $10,625,000 / FY09-10 and thereafter Decrease Local Govt. Revenue - $6,375,000 / FY09-10 and thereafter Bill Summary for *SB3336 Present law imposes a 6 percent tax on incomes derived by way of dividends from stocks or by way of interest on bonds in excess of the first $1,250 for individual filers or $2,500 of combined income for joint filers. This is commonly referred to as the "Hall income tax." Any person who is at least 65 years of age having a total annual income derived from any and all sources of $16,200 or less, or any persons who file a joint return and either spouse is at least 65 years of age having a total annual joint income derived from any and all sources of not more than $27,000, are exempt from the Hall tax. This [...] show full description | | Latest Action: 04/15/2008 - Assigned to Gen. Sub of: Senate S&L Govt. Comm.
Bill TextCompanion Bill HB3439. Property Assessors - Revises the number of parcels for calculating the minimum staff required to assist the county assessor of property. - Amends TCA Title 67. Fiscal Summary for *SB3743 / HB3439 Increase Local Expenditures - Exceeds $3,605,500/Permissive Bill Summary for *SB3743 / HB3439 Under present law, in order to assure that each county assessor of property has a minimum staff to assist the county assessor in carrying out the duties and responsibilities required by law, the assessor is authorized to appoint at least one deputy assessor for each 4,500 parcels of property, as determined by the division of property assessments, over and above the first 4,500 parcels of property within the assessor's taxing jurisdiction. This bill changes the deputy assessor/parcels ratio to be one deputy assessor for each 3,000 parcels [...] show full description | | Latest Action: 01/29/2008 - Referred to Senate Tax Sub Comm.
Bill TextCompanion Bill HB2931. Taxes, Inheritance Gift - Adopts amount of federal exclusion as amount of inheritance tax exemption for decedents dying in 2008 and 2009 and abolishes inheritance tax beginning in 2010. - Amends TCA Title 67, Chapter 8. Fiscal Summary for SB3492 / *HB2931Decrease State Revenue - $26,000,000 / FY08-09 $39,500,000 / FY09-10 Exceeds $76,600,000 / FY10-11 and thereafter Bill Summary for SB3492 / *HB2931 Under present law, for the purpose of determining the net taxable estate for inheritance taxes, a maximum single exemption is allowed against the portion of the estate distributable to one or more beneficiaries. The amount of the exemption is based on the date of the decedent's death, as follows: (1) On or after July 1, 1998, but before January 1, 1999: $625,000; [...] show full description | | Latest Action: 04/22/2008 - Action Deferred in Senate F,W&M to last Calendar
Bill TextCompanion Bill HB3354. Regional Authorities and Special Districts - Distributes funds from counties to regional development authorities to subsidize shortfalls of impact funds in certain circumstances. - Amends TCA Section 67-9-102(b)(3)(D). Fiscal Summary for *SB3617 / HB3354Other Fiscal Impact - The Four Lakes Regional Development Authority (Four Lakes) will receive $650,000 in TVA construction impact funds in FY08-09 rather than $97,500 under the current allocation. The additional allocation of $552,500 to Four Lakes will be redirected from funds that would otherwise be allocated to all 95 counties under TVAs payment in lieu of taxes program. Bill Summary for *SB3617 / HB3354 PRESENT LAW Under present law, from any increase in the payments received by the state from the Tennessee Valley authority in lieu of taxes above the payments [...] show full description | | Latest Action: 02/12/2008 - Referred to Senate F,W&M Comm. w/neg. recommend
Bill TextCompanion Bill HB3493. Taxes, Inheritance Gift - Abolishes inheritance taxes beginning in 2009. - Amends TCA Title 8 and Title 67. Fiscal Summary for *SB3820 / HB3493Decrease State Revenue - $75,200,000 / FY09-10 Exceeds $76,600,000 / FY10-11 and thereafter Bill Summary for *SB3820 / HB3493 Under present law, for the purpose of determining the net taxable estate for inheritance taxes, a maximum single exemption is allowed against the portion of the estate distributable to one or more beneficiaries. The amount of the exemption is based on the date of the decedent's death, as follows: (1) On or after July 1, 1998, but before January 1, 1999: $625,000; (2) In 1999: $650,000; (3) In 2000 and 2001: $675,000; (4) In 2002 and 2003: $700,000; (5) In 2004: $850,000; (6) In 2005: [...] show full description | | Latest Action: 02/06/2008 - Taken Off Notice For Calendar in Subcommittee Budget of Finance, Ways and Means of Finance, Ways & Means Committee
Bill TextCompanion Bill SB3686. Taxes - Creates a "tax-me-more fund" in the general fund for voluntary donations by taxpayers; all funds in such account are earmarked for abortion prevention. - Amends TCA Title 67, Chapter 1, Part 1. Fiscal Summary for *HB3029 / SB3686Increase State Revenue - Not Significant Increase State Expenditures - $78,600 / One-Time Bill Summary for *HB3029 / SB3686 This bill creates a "Tax-me-more" account in the general fund, the purpose of which is to receive voluntary contributions from persons who believe that they are under-taxed. This bill requires state tax forms to include an option for taxpayers to designate any tax refund to which they may be entitled to the Tax-me-more account. Contributions to the Tax-me-more account would not entitle the contributor to any tax deduction. The commissioner [...] show full description | | Latest Action: 04/01/2008 - Action Deferred in Senate Finance, Ways and Means Comm. to 4/15/2008
Bill TextCompanion Bill HB3523. Taxes, Privilege - Establishes certain methods for determining the party responsible for paying the bottled soft drinks tax. - Amends TCA Section 67-4-402(b)(4) and 67-4-402(d). Fiscal Summary for *SB3759 / HB3523(CORRECTED) Decrease State Revenue - $300,000 Bill Summary for *SB3759 / HB3523 Present law imposes a 1.9 percent privilege tax on gross receipts derived from manufacturing or producing and selling bottled soft drinks in Tennessee. The tax also applies to any person who imports bottled soft drinks into Tennessee and for sale within Tennessee. A person who imports bottled soft drinks into Tennessee and for sale in Tennessee is not required to pay the tax, if the person's out-of-state supplier of bottled soft drinks paid the tax. This bill would require that when a manufacturer, producer, or seller of bottled [...] show full description | | Latest Action: 03/26/2008 - Placed Behind the Budget
Bill TextCompanion Bill SB2659. Taxes - Provides a tax credit for small business employers that provide health benefits to employees. - Amends TCA Title 67. Fiscal Summary for HB3100 / *SB2659Decrease State Revenue - Exceeds $15,750,000 Increase State Expenditures - $125,000/One-Time Bill Summary for HB3100 / *SB2659 This bill establishes a tax credit against both the franchise and excise taxes for any small business that employs no more than 25 eligible employees throughout the tax year and provides health benefits for all of the employer's employees. An "eligible employee" is an employee who works at least 30 hours per work week on a permanent basis. The employer is considered to be providing health benefits if: (1) The employer pays at least 50 percent of the premiums for health care coverage for the employee and employee's dependants [...] show full description | | Latest Action: 04/22/2008 - Companion became Public Chapter 698
Bill TextCompanion Bill SB3756. Taxes, Real Property - Expands authority for Dyer County trustee to accept partial payment of property taxes to all counties and includes such payments made electronically via electronic fund transfers, preauthorized bank payments, wire transfers, ACH credits, or other method of electronic payment. - Amends TCA Title 67, Chapter 5, Part 18. Fiscal Summary for *HB3002 / SB3756MINIMAL Bill Summary for *HB3002 / SB3756 ON MARCH 10, 2008, THE SENATE ADOPTED AMENDMENT #2 AND RESET SENATE BILL 3756, AS AMENDED. AMENDMENT #2 extends authorization for the county trustee to accept partial payment of property taxes, including payments made via electronic fund transfers, preauthorized bank payments, wire transfers, ACH credits, or other method of electronic payment to Lawrence County. ON MARCH 17, 2008, THE SENATE [...] show full description | | Latest Action: 04/30/2008 - Placed on Calendar Government Operations Committee for 05/07/2008
Bill TextCompanion Bill SB3158. Taxes - Requires combined reporting for franchise and excise tax purposes; reduces sales tax on food from 5.5 percent to 3.5 percent. - Amends TCA Title 67. Fiscal Summary for HB3182 / *SB3158Decrease State Revenue - Net Impact - $153,559,000 Increase State Expenditures - $322,400 / One-Time $1,627,100 / Recurring Decrease Local Revenue - $8,354,000 Bill Summary for HB3182 / *SB3158 This bill: (1) Reduces the state sales tax on groceries from 5.5 percent to 3.5 percent; and (2) Requires combined reporting under the franchise/excise tax provisions for taxpayers engaged in a unitary business with one or more other corporations. This bill defines "unitary business" as a single economic enterprise that is made up either of separate parts of a single business entity or of [...] show full description | | Latest Action: 04/22/2008 - Public Chapter 698
Bill TextCompanion Bill HB3002. Taxes, Real Property - Expands authority for Dyer County trustee to accept partial payment of property taxes to all counties and includes such payments made electronically via electronic fund transfers, preauthorized bank payments, wire transfers, ACH credits, or other method of electronic payment. - Amends TCA Title 67, Chapter 5, Part 18. Fiscal Summary for SB3756 / *HB3002MINIMAL Bill Summary for SB3756 / *HB3002 ON MARCH 10, 2008, THE SENATE ADOPTED AMENDMENT #2 AND RESET SENATE BILL 3756, AS AMENDED. AMENDMENT #2 extends authorization for the county trustee to accept partial payment of property taxes, including payments made via electronic fund transfers, preauthorized bank payments, wire transfers, ACH credits, or other method of electronic payment to Lawrence County. ON MARCH 17, 2008, THE SENATE [...] show full description | | Latest Action: 04/30/2008 - Action Deferred in Senate Tax Sub Comm. to final Calendar
Bill TextCompanion Bill HB3182. Taxes - Requires combined reporting for franchise and excise tax purposes; reduces sales tax on food from 5.5 percent to 3.5 percent. - Amends TCA Title 67. Fiscal Summary for *SB3158 / HB3182Decrease State Revenue - Net Impact - $153,559,000 Increase State Expenditures - $322,400 / One-Time $1,627,100 / Recurring Decrease Local Revenue - $8,354,000 Bill Summary for *SB3158 / HB3182 This bill: (1) Reduces the state sales tax on groceries from 5.5 percent to 3.5 percent; and (2) Requires combined reporting under the franchise/excise tax provisions for taxpayers engaged in a unitary business with one or more other corporations. This bill defines "unitary business" as a single economic enterprise that is made up either of separate parts of a single business entity or of [...] show full description | | Latest Action: 01/30/2008 - Assigned to Subcommittee Budget of FW&M
Bill TextCompanion Bill SB3492. Taxes, Inheritance Gift - Adopts amount of federal exclusion as amount of inheritance tax exemption for decedents dying in 2008 and 2009 and abolishes inheritance tax beginning in 2010. - Amends TCA Title 67, Chapter 8. Fiscal Summary for *HB2931 / SB3492Decrease State Revenue - $26,000,000 / FY08-09 $39,500,000 / FY09-10 Exceeds $76,600,000 / FY10-11 and thereafter Bill Summary for *HB2931 / SB3492 Under present law, for the purpose of determining the net taxable estate for inheritance taxes, a maximum single exemption is allowed against the portion of the estate distributable to one or more beneficiaries. The amount of the exemption is based on the date of the decedent's death, as follows: (1) On or after July 1, 1998, but before January 1, 1999: $625,000; [...] show full description | | Latest Action: 02/12/2008 - Assigned to Gen. Sub of: Senate Tax Sub Committee of F,W&M.
Bill TextCompanion Bill HB2479. Taxes, Inheritance Gift - Adopts amount of federal exclusion as amount of inheritance tax exemption for decedents dying in 2008 and 2009 and abolishes inheritance tax beginning in 2010. - Amends TCA Title 67, Chapter 8. Fiscal Summary for SB2628 / *HB2479Decrease State Revenue - $26,000,000 / FY08-09 $39,500,000 / FY09-10 Exceeds $76,600,000 / FY10-11 and thereafter Bill Summary for SB2628 / *HB2479 Under present law, for the purpose of determining the net taxable estate for inheritance taxes, a maximum single exemption is allowed against the portion of the estate distributable to one or more beneficiaries. The amount of the exemption is based on the date of the decedent's death, as follows: (1) On or after July 1, 1998, but before January 1, 1999: $625,000; [...] show full description | | Latest Action: 04/08/2008 - Referred to Senate F,W&M Comm. w/neg. recommend
Bill TextCompanion Bill HB3100. Taxes - Provides a tax credit for small business employers that provide health benefits to employees. - Amends TCA Title 67. Fiscal Summary for *SB2659 / HB3100Decrease State Revenue - Exceeds $15,750,000 Increase State Expenditures - $125,000/One-Time Bill Summary for *SB2659 / HB3100 This bill establishes a tax credit against both the franchise and excise taxes for any small business that employs no more than 25 eligible employees throughout the tax year and provides health benefits for all of the employer's employees. An "eligible employee" is an employee who works at least 30 hours per work week on a permanent basis. The employer is considered to be providing health benefits if: (1) The employer pays at least 50 percent of the premiums for health care coverage for the employee and employee's dependants [...] show full description | | Latest Action: 02/13/2008 - Placed Behind the Budget
Bill TextCompanion Bill SB2628. Taxes, Inheritance Gift - Adopts amount of federal exclusion as amount of inheritance tax exemption for decedents dying in 2008 and 2009 and abolishes inheritance tax beginning in 2010. - Amends TCA Title 67, Chapter 8. Fiscal Summary for *HB2479 / SB2628Decrease State Revenue - $26,000,000 / FY08-09 $39,500,000 / FY09-10 Exceeds $76,600,000 / FY10-11 and thereafter Bill Summary for *HB2479 / SB2628 Under present law, for the purpose of determining the net taxable estate for inheritance taxes, a maximum single exemption is allowed against the portion of the estate distributable to one or more beneficiaries. The amount of the exemption is based on the date of the decedent's death, as follows: (1) On or after July 1, 1998, but before January 1, 1999: $625,000; [...] show full description | | Latest Action: 06/19/2007 - Companion became Public Chapter 368
Bill TextCompanion Bill SB2326. Taxes, Cigarette - Increases the tax on cigarettes from 10 mills to 3.1 cents on each cigarette; requires that all cigarette tax revenue realized from the 3-cent increase be deposited into the general fund, except for $21 million to be allocated to the Tennessee agriculture enrichment program; revenue realized from the remaining 0.1-cent increase to be deposited in trauma center fund. - Amends TCA Title 67, Chapter 4, Part 10. Fiscal Summary for *HB2354 / SB2326Increase State Revenues - $221,940,000 / General Fund $7,198,000 / Education Fund $41,000 / Department of Revenue $102,000 / Sinking Fund (An amount equal to $219,600,000 is included in the Governors FY07-08 Budget Document) Increase State Expenditures - $200,000 One-Time $220,000 Recurring Increase Local Govt. Revenues [...] show full description | | Latest Action: 05/22/2007 - Taken Off Notice For Calendar in: Health & Human Resources Committee
Bill TextHospitals and Health Care Facilities - Extends the nursing home tax to June 30, 2009. - Amends TCA Title 68, Chapter 11, Part 2. Fiscal Summary for *HB2351 / SB2328(Corrected) Other Fiscal Impact - Prevent the loss of $84,600,000 in State Revenues (Revenue recognition of $84,600,000 is included in the Governors FY07-08 Recommended Budget) | | Latest Action: 06/19/2007 - Public Chapter 368
Bill TextCompanion Bill HB2354. Taxes, Cigarette - Increases the tax on cigarettes from 10 mills to 3.1 cents on each cigarette; requires that all cigarette tax revenue realized from the 3-cent increase be deposited into the general fund, except for $21 million to be allocated to the Tennessee agriculture enrichment program; revenue realized from the remaining 0.1-cent increase to be deposited in trauma center fund. - Amends TCA Title 67, Chapter 4, Part 10. Fiscal Summary for SB2326 / *HB2354Increase State Revenues - $221,940,000 / General Fund $7,198,000 / Education Fund $41,000 / Department of Revenue $102,000 / Sinking Fund (An amount equal to $219,600,000 is included in the Governors FY07-08 Budget Document) Increase State Expenditures - $200,000 One-Time $220,000 Recurring Increase Local Govt. Revenues [...] show full description | | Latest Action: 05/22/2007 - Assigned to Gen. Sub of: Senate Finance, Ways and Means Comm.
Bill TextHospitals and Health Care Facilities - Extends the nursing home tax to June 30, 2009. - Amends TCA Title 68, Chapter 11, Part 2. Fiscal Summary for SB2328 / *HB2351(Corrected) Other Fiscal Impact - Prevent the loss of $84,600,000 in State Revenues (Revenue recognition of $84,600,000 is included in the Governors FY07-08 Recommended Budget) | | Latest Action: 04/10/2007 - Assigned to Gen. Sub of: Senate S&L Govt. Comm.
Bill TextTaxes, Personal Property - Clarifies that the provision for delinquent personal property taxes being immediately collected by distraint (distress warrant) is mandatory not discretionary; adds that the collection of delinquent taxes must be commenced within 30 days of the taxes becoming delinquent. - Amends TCA Title 67, Chapter 5. Fiscal Summary for SB2052 / *HB1463 Increase Local Govt. Revenues - Not Significant | | Latest Action: 04/10/2007 - Assigned to Gen. Sub of: Senate S&L Govt. Comm.
Bill TextCompanion Bill HB1460. Taxes, Real Property - Revises information the assessor must give the trustee in regard to agricultural and forest land; revises provisions governing the calculation and ownership of acreages in regard to the limitation on the amount of property that may be classified as agricultural, forest, or open space. - Amends TCA Title 67, Chapter 5, Part 10. Fiscal Summary for SB2060 / *HB1460 Increase Local Govt. Revenues - Not Significant Bill Summary for SB2060 / *HB1460 This bill revises the Agricultural, Forest and Open Space Land Act, which allows land to be classified as agricultural land, forest land, or open space and thereby receive favorable tax treatment. Present law places a limit on the acreage for which a person may claim this treatment within any single taxing jurisdiction. For purposes of calculating this [...] show full description | | Latest Action: 06/08/2007 - Taken Off Notice For Calendar in Subcommittee Budget of Finance, Ways and Means of Finance, Ways & Means Committee
Bill TextTaxes - Changes from $5,000 to $2,500 the amount of sales and use tax owed by any taxpayer for which the commissioner of revenue may require that the tax liability be paid no later than the date such payment is required by law to be made in funds that are immediately available to the state on the date of payment. - Amends TCA Section 67-1-703. Fiscal Summary for *HB2247 / SB2190Increase State Expenditures - $155,000 | | Latest Action: 06/19/2007 - Public Chapter 332
Bill TextCompanion Bill HB1462. Taxes, Real Property - Specifies, in regard to the provision whereby a condition for appeal is that the undisputed portion of the tax levied be paid before the delinquent date of the tax and that no delinquent taxes have accrued on the property, that failure to pay the undisputed portion of the tax or any other delinquency on the property by the time of the hearing will result in dismissal and loss of further right to administrative appeal. - Amends TCA Section 67-5-1512. Fiscal Summary for SB2066 / *HB1462 Other Fiscal Impact - To the extent that there are fewer appeals as a result of the dismissal of certain appeals, there will be a decrease in state expenditures. Such decrease is estimated to be not significant. To the extent that local governments increase tax collections due to the more stringent appeal guidelines, collections on taxes due may [...] show full description | | Latest Action: 06/12/2007 - Held on desk.
Bill TextCompanion Bill SB1719. Taxes, Franchise - Creates a franchise tax credit for Tennessee businesses that establish or operate a call center or distribution facility in a county with a population less than 55,000 according to the 2000 census. - Amends TCA Title 67, Chapter 4, Part 21. Fiscal Summary for HB2084 / *SB1719Decrease State Revenues - $500,000 Increase State Expenditures - $100,000 One-Time Other Fiscal Impact - Any decrease to state tax revenues resulting from the franchise tax credit proposed could be offset by a subsequent increase to state revenues resulting from new economic activity that could occur as a result of this legislation. This portion of the fiscal impact is dependent upon several unknown factors and is not quantifiable as a result. Bill Summary for HB2084 / *SB1719 This bill authorizes a credit against the sum total of [...] show full description | | Latest Action: 06/27/2007 - Public Chapter 500
Bill TextCompanion Bill SB2198. Taxes - Enacts the "Local Tourism Development Zone Business Tax Act." - Amends TCA Title 67. Fiscal Summary for *HB2296 / SB2198State Revenues - Net Impact - Not Significant Bill Summary for *HB2296 / SB2198 This bill revises various provisions of the state's tax code, as follows: (1) Present law imposes a tax on the recordation of transfers of realty. Certain transfers are exempt from the tax, including transfers of real estate to a revocable living trust. This bill revises the exemption from the recordation tax regarding revocable trusts to instead exempt the transfers of real estate to a revocable living trust under which the real estate reverts back to the transferor if the trust is revoked. (2) Under present law, the minimum franchise tax payable under the Franchise Tax Law is $100. This bill [...] show full description | | Latest Action: 07/19/2007 - Public Chapter 602
Bill TextCompanion Bill HB2281. Taxes, Sales - Delays implementation of the streamlined sales tax; changes conditions of certain tax credits; modifies various other tax provisions. - Amends TCA Title 67 and Title 6, Chapter 51. Fiscal Summary for SB2223 / *HB2281 Forgo State Revenues - $31,500,000 - FY07-08 $32,900,000 - FY08-09 Forgo Local Govt. Revenues - $41,500,000 - FY07-08 $43,400,000 - FY08-09 Bill Summary for SB2223 / *HB2281 ON JUNE 11, 2007, THE SENATE ADOPTED AMENDMENTS #5 AND #4 AND PASSED SENATE BILL 2223, AS AMENDED. AMENDMENT #5 rewrites this bill and revises various tax-related provisions, as follows: (1) This amendment delays the effectiveness of some of the streamlined sales tax provisions (including provisions relating to the uniform definitions and exemptions applicable to farmers) [...] show full description | | Latest Action: 05/07/2007 - Companion became Public Chapter 79
Bill TextAgriculture - Removes prohibition on funds in the agricultural resources conservation fund being used for administrative purposes; authorizes the commissioner of agriculture to expend the funds as matching dollars to secure additional funding to fulfill the purposes for which the fund was established. - Amends TCA Section 67-4-409. Fiscal Summary for *HB2228 / SB2165Other Fiscal Impact - No impact on the amount of funds directed to the Agricultural Resources Conservation Fund (ARCF) from the realty transfer tax. Utilization of those funds will change. Funds will be allocated for administrative purposes in an amount estimated to exceed $100,000, which will reduce funds available for the purposes of the ARCF, including promotion and implementation of agricultural management practices to conserve natural resources. Funds will also be allocated to technical assistance to grant recipients to replace a reduction in federal technical assistance funds that has occurred. [...] show full description | | Latest Action: 06/19/2007 - Companion became Public Chapter 344
Bill TextCompanion Bill SB2082. Insurance Companies, Agents, Brokers, Policies - Requires county mutual insurance companies to pay a premium tax in accordance with the general law which taxes gross premiums instead of setting the tax at the rate of 2 1/2 percent of their gross premiums. - Amends TCA Title 56, Chapter 22, Part 1. Fiscal Summary for *HB1856 / SB2082Forgo State Revenues - $81,300 Bill Summary for *HB1856 / SB2082 Present law requires all county mutual insurance companies to pay a tax at the rate of 2.5 percent of their gross premiums. This bill replaces this provision with a requirement that all county mutual insurance companies pay a premium tax in accordance with the present law tax provisions applicable to insurance companies (see TCA Sections 56-4-201 and 56-4-204) . Present law imposes a tax of 2.5 percent on gross premiums paid by or [...] show full description | | |
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