TN SB1516 | 2023-2024 | 113th General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 2 2023 - 25% progression, died in chamber
Action: 2023-02-14 - Refer to Senate F,W&M Revenue Subcommittee
Text: Latest bill text (Draft #1) [PDF]
Status: Introduced on February 2 2023 - 25% progression, died in chamber
Action: 2023-02-14 - Refer to Senate F,W&M Revenue Subcommittee
Text: Latest bill text (Draft #1) [PDF]
Summary
As introduced, enacts the "Tennessee Tax on Wall Street Act"; imposes a tax equal to 4 percent on all purchases of financial securities made by Tennessee residents; exempts purchases made by retirement accounts and savings plans. - Amends TCA Title 67.
Title
AN ACT to amend Tennessee Code Annotated, Title 67, relative to purchases of financial securities.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2023-02-14 | Senate | Refer to Senate F,W&M Revenue Subcommittee |
| 2023-02-06 | Senate | Passed on Second Consideration, refer to Senate Finance, Ways, and Means Committee |
| 2023-02-02 | Senate | Introduced, Passed on First Consideration |
| 2023-02-02 | Senate | Filed for introduction |
Same As/Similar To
HB0748 (Crossfiled) 2024-01-10 - Sponsor change.
Subjects
Tennessee State Sources
| Type | Source |
|---|---|
| Summary | https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SB1516&ga=113 |
| Text | https://www.capitol.tn.gov/Bills/113/Bill/SB1516.pdf |
