Bill Title: As introduced, allows professionals who own corporations, limited partnerships, and similar business entities to take their professional privilege tax payment as a credit against the business entity's franchise and excise tax liability. - Amends TCA Title 67, Chapter 4, Part 17; Title 67, Chapter 4, Part 20 and Title 67, Chapter 4, Part 21.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2017-05-09 - Assigned to General Subcommittee of Senate Finance, Ways, and Means Committee [SB1274 Detail]

Text: Latest bill text (Draft #1) [PDF]

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