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]

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.

Tracking Information

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Title

AN ACT to amend Tennessee Code Annotated, Title 67, relative to purchases of financial securities.

Sponsors


History

DateChamberAction
2023-02-14SenateRefer to Senate F,W&M Revenue Subcommittee
2023-02-06SenatePassed on Second Consideration, refer to Senate Finance, Ways, and Means Committee
2023-02-02SenateIntroduced, Passed on First Consideration
2023-02-02SenateFiled for introduction

Same As/Similar To

HB0748 (Crossfiled) 2024-01-10 - Sponsor change.

Subjects


Tennessee State Sources


Bill Comments

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