TN SB1672 | 2017-2018 | 110th General Assembly
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 18 2018 - 25% progression, died in committee
Action: 2018-03-13 - Assigned to General Subcommittee of Senate Finance, Ways & Means Committee
Pending: Senate Finance, Ways and Means Committee
Text: Latest bill text (Draft #1) [PDF]
Status: Introduced on January 18 2018 - 25% progression, died in committee
Action: 2018-03-13 - Assigned to General Subcommittee of Senate Finance, Ways & Means Committee
Pending: Senate Finance, Ways and Means Committee
Text: Latest bill text (Draft #1) [PDF]
Summary
As introduced, reverses Tennessee's decoupling from federal bonus depreciation for excise tax purposes; deletes requirement that bonus depreciation taken as a deduction on federal income tax return be added back to taxpayer's income in calculating net earnings for Tennessee excise tax purposes. - Amends TCA Section 67-4-2006.
Title
As introduced, reverses Tennessee's decoupling from federal bonus depreciation for excise tax purposes; deletes requirement that bonus depreciation taken as a deduction on federal income tax return be added back to taxpayer's income in calculating net earnings for Tennessee excise tax purposes. - Amends TCA Section 67-4-2006.
Sponsors
| Sen. Mark Green [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2018-03-13 | Senate | Assigned to General Subcommittee of Senate Finance, Ways & Means Committee |
| 2018-03-06 | Senate | Refer to Senate Finance, Ways & Means Committee w/ negative recommendation |
| 2018-02-28 | Senate | Placed on Senate FW&M Revenue Subcommittee calendar for 3/6/2018 |
| 2018-02-27 | Senate | Reset on Final calendar of Senate FW&M Revenue Subcommittee |
| 2018-02-21 | Senate | Placed on Senate FW&M Revenue Subcommittee calendar for 2/27/2018 |
| 2018-02-13 | Senate | Refer to Senate F,W&M Revenue Subcommittee |
| 2018-01-24 | Senate | Passed on Second Consideration, refer to Senate Finance, Ways, and Means Committee |
| 2018-01-22 | Senate | Introduced, Passed on First Consideration |
| 2018-01-18 | Senate | Filed for introduction |
Same As/Similar To
HB1689 (Crossfiled) 2018-04-18 - Taken off notice for cal in s/c Finance, Ways & Means Subcommittee of Finance, Ways & Means Committee
