Tennessee Senate Bill 2488 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 5 2020 - 25% progression, died in committee
Action: 2020-03-11 - Refer to Senate Finance, Ways & Means Committee w/ negative recommendation
Pending: Senate Finance, Ways and Means Committee
Text: Latest bill text (Draft #1) [PDF]

As introduced, deletes the additional state tax of 2.75 percent applied to the amount of single articles in excess of $1,600 but less than or equal to $3,200; authorizes local governments to impose a local tax up to 2.75 percent on such amount. - Amends TCA Title 67; Chapter 72 of the Public Acts of 2011; Chapter 157 of the Public Acts of 2019; Chapter 193 of the Public Acts of 2015; Chapter 452 of the Public Acts of 2017; Chapter 480 of the Public Acts of 2013; Chapter 530 of the Public Acts of 2009 and Chapter 602 of the Public Acts of 2007.

As introduced, deletes the additional state tax of 2.75 percent applied to the amount of single articles in excess of $1,600 but less than or equal to $3,200; authorizes local governments to impose a local tax up to 2.75 percent on such amount. - Amends TCA Title 67; Chapter 72 of the Public Acts of 2011; Chapter 157 of the Public Acts of 2019; Chapter 193 of the Public Acts of 2015; Chapter 452 of the Public Acts of 2017; Chapter 480 of the Public Acts of 2013; Chapter 530 of the Public Acts of 2009 and Chapter 602 of the Public Acts of 2007.

Sen. Steven Dickerson [R]

Date	Chamber	Action
2020-03-11	Senate	Refer to Senate Finance, Ways & Means Committee w/ negative recommendation
2020-03-04	Senate	Placed on Senate FW&M Revenue Subcommittee calendar for 3/11/2020
2020-02-25	Senate	Placed on Senate FW&M Revenue Subcommittee calendar for 3/3/2020
2020-02-11	Senate	Refer to Senate F,W&M Revenue Subcommittee
2020-02-10	Senate	Passed on Second Consideration, refer to Senate Finance, Ways, and Means Committee
2020-02-06	Senate	Introduced, Passed on First Consideration
2020-02-05	Senate	Filed for introduction

HB2640 (Crossfiled) 2020-02-11 - Assigned to s/c Finance, Ways, and Means Subcommittee

Type	Source
Summary	https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SB2488&ga=111
Text	https://www.capitol.tn.gov/Bills/111/Bill/SB2488.pdf
Supplement	https://www.capitol.tn.gov/Bills/111/Fiscal/HB2640.pdf