Tennessee Senate Bill 1044 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 6 2019 - 25% progression, died in chamber
Action: 2019-04-02 - Assigned to General Subcommittee of Senate FW&M Revenue Subcommittee
Text: Latest bill text (Draft #1) [PDF]

As introduced, exempts from real estate transfer tax, the transfer of any real estate where the transferor is a member, stock holder, or partner, the transferee is a limited liability company, corporation, or partnership, and the real estate so conveyed serves as a capital contribution to the business entity; also exempts transfers where the transferor is an LLC, corporation, or partnership, the transferee is an existing member, stock holder, or partner, and the property conveyed services as a distribution from the business entity. - Amends TCA Section 67-4-409.

As introduced, exempts from real estate transfer tax, the transfer of any real estate where the transferor is a member, stock holder, or partner, the transferee is a limited liability company, corporation, or partnership, and the real estate so conveyed serves as a capital contribution to the business entity; also exempts transfers where the transferor is an LLC, corporation, or partnership, the transferee is an existing member, stock holder, or partner, and the property conveyed services as a distribution from the business entity. - Amends TCA Section 67-4-409.

Sen. Jeff Yarbro [D]

Date	Chamber	Action
2019-04-02	Senate	Assigned to General Subcommittee of Senate FW&M Revenue Subcommittee
2019-03-26	Senate	Placed on Senate FW&M Revenue Subcommittee calendar for 4/2/2019
2019-03-26	Senate	Action deferred in Senate FW&M Revenue Subcommittee to 4/2/2019
2019-03-19	Senate	Placed on Senate FW&M Revenue Subcommittee calendar for 3/26/2019
2019-03-19	Senate	Action deferred in Senate FW&M Revenue Subcommittee to 3/26/2019
2019-03-12	Senate	Placed on Senate FW&M Revenue Subcommittee calendar for 3/19/2019
2019-03-06	Senate	Action deferred in Senate FW&M Revenue Subcommittee to 3/19/2019
2019-02-26	Senate	Placed on Senate FW&M Revenue Subcommittee calendar for 3/6/2019
2019-02-19	Senate	Refer to Senate F,W&M Revenue Subcommittee
2019-02-11	Senate	Passed on Second Consideration, refer to Senate Finance, Ways, and Means Committee
2019-02-07	Senate	Introduced, Passed on First Consideration
2019-02-06	Senate	Filed for introduction

HB1397 (Crossfiled) 2019-02-13 - Assigned to s/c Finance, Ways, and Means Subcommittee

Type	Source
Summary	https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SB1044&ga=111
Text	https://www.capitol.tn.gov/Bills/111/Bill/SB1044.pdf
Supplement	https://www.capitol.tn.gov/Bills/111/Fiscal/SB1044.pdf