Tennessee House Bill 1117

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 31 2023 - 25% progression
Action: 2023-04-18 - Taken off notice for cal in s/c Finance, Ways, and Means Subcommittee of Finance, Ways, and Means Committee
Text: Latest bill text (Draft #1) [PDF]

As introduced, exempts from franchise and excise taxes, a community development entity or sub-community development entity that is certified by the United States department of the treasury's community development financial institutions fund, and that has received an allocation of the federal new markets tax credits or federal sub-new markets tax credits from a community development entity that are used to fund a qualified low-income community investment in a Tennessee facility or operations of a business or nonprofit entity where the qualified low-income community investment expands the Tennessee-based operations of the business or nonprofit entity. - Amends TCA Title 67, Chapter 4, Part 20 and Title 67, Chapter 4, Part 21.

AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 4, Part 20 and Title 67, Chapter 4, Part 21, relative to exemptions from franchise and excise taxes.

Rep. Dale Carr [R]

Date	Chamber	Action
2023-04-18	House	Taken off notice for cal in s/c Finance, Ways, and Means Subcommittee of Finance, Ways, and Means Committee
2023-04-12	House	Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/18/2023
2023-03-22	House	Placed behind the budget
2023-03-15	House	Placed on s/c cal Finance, Ways, and Means Subcommittee for 3/22/2023
2023-02-07	House	Assigned to s/c Finance, Ways, and Means Subcommittee
2023-02-02	House	P2C, ref. to Finance, Ways, and Means Committee
2023-02-01	House	Intro., P1C.
2023-01-31	House	Filed for introduction

SB0981 (Crossfiled) 2024-04-19 - Placed on Senate Finance, Ways, and Means Committee calendar for 4/23/2024

Type	Source
Summary	https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=HB1117&ga=113
Text	https://www.capitol.tn.gov/Bills/113/Bill/HB1117.pdf
Supplement	https://www.capitol.tn.gov/Bills/113/Fiscal/SB0981.pdf