Taxes, Exemption and Credits - As enacted, changes the amounts of the franchise and excise tax credits allowed to financial institutions from certain percentages of the unpaid principal balance of certain qualified loans
Introduced
Moved
Reached a final decision
Became law
Derived from the official record below.
Officially: “AN ACT to amend Tennessee Code Annotated, Section 67-4-2109, relative to tax credits for financial institutions.” Read the full text
114th general assembly (2025-2026)
What it does
Taxes, Exemption and Credits - As enacted, changes the amounts of the franchise and excise tax credits allowed to financial institutions from certain percentages of the unpaid principal balance of certain qualified loans made to eligible housing entities to certain percentages of the month-end average unpaid principal balance of such loans; makes other related revisions. - Amends TCA Section 67-4-2109. Companion bill has been assigned Public Chapter Number 496 by the Secretary of State.
From the official legislative record, shown verbatim. Not legal advice.
Where it is
Show all 39 actions
Filed for introduction · Feb 3, 2025
House
Intro., P1C. · Feb 5, 2025
House
P2C, ref. to Finance, Ways, and Means Committee · Feb 6, 2025
House
Assigned to s/c Finance, Ways, and Means Subcommittee · Feb 10, 2025
House
Placed on s/c cal Finance, Ways, and Means Subcommittee for 2/26/2025 · Feb 19, 2025
House
Placed behind the budget · Feb 26, 2025
House
Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/14/2025 · Apr 9, 2025
House
Sponsor(s) Added. · Apr 16, 2025
House
Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/17/2025 · Apr 16, 2025
House
Rec. for pass by s/c ref. to Finance, Ways, and Means Committee · Apr 17, 2025
House
Rec. for pass. if am., ref. to Calendar & Rules Committee · Apr 17, 2025
House
Placed on cal. Calendar & Rules Committee for 4/17/2025 · Apr 17, 2025
House
H. Placed on Regular Calendar for 4/21/2025 · Apr 17, 2025
House
H. adopted am. (Amendment 1 - HA0502) · Apr 21, 2025
House
Passed H., as am., Ayes 92, Nays 0, PNV 0 · Apr 21, 2025
House
Engrossed; ready for transmission to Sen. · Apr 21, 2025
House
Received from House, Passed on First Consideration · Apr 22, 2025
Senate
Senate substituted House Bill for companion Senate Bill. · Apr 22, 2025
Senate
Amendment withdrawn. (Amendment 1 - SA0448) · Apr 22, 2025
Senate
Passed Senate, Ayes 33, Nays 0 · Apr 22, 2025
Senate
Enrolled; ready for sig. of H. Speaker. · Apr 28, 2025
House
Signed by H. Speaker · Apr 30, 2025
House
Signed by Senate Speaker · May 8, 2025
Senate
Transmitted to Governor for his action. · May 9, 2025
House
Signed by Governor. · May 21, 2025
Senate
Pub. Ch. 496 · May 27, 2025
Senate
Effective date(s) 01/01/2026 · May 27, 2025
Senate
Filed for introduction · Feb 4, 2025
Senate
Introduced, Passed on First Consideration · Feb 10, 2025
Senate
Passed on Second Consideration, refer to Senate Finance, Ways, and Means Committee · Feb 12, 2025
Senate
Refer to Senate F,W&M Revenue Subcommittee · Feb 18, 2025
Senate
Placed on Senate FW&M Revenue Subcommittee calendar for 3/11/2025 · Mar 4, 2025
Senate
Refer to Senate Finance, Ways & Means Committee w/ negative recommendation, as amended · Mar 11, 2025
Senate
Rule #83(8) Suspended, to be heard in Senate Finance, Ways & Means Committee on 4/15/2025 · Apr 14, 2025
Senate
Placed on Senate Finance, Ways, and Means Committee calendar for 4/15/2025 · Apr 14, 2025
Senate
Placed on Senate Finance, Ways, and Means Committee calendar for 4/21/2025 · Apr 17, 2025
Senate
Recommended for passage with amendment/s, refer to Senate Calendar Committee Ayes 11, Nays 0 PNV 0 · Apr 21, 2025
Senate
Placed on Senate Regular Calendar for 4/22/2025 · Apr 21, 2025
Senate
Companion House Bill substituted · Apr 22, 2025
Senate
The numbers
1
sponsor on the bill
Sponsors
Every fact on this page links to its source, starting with the official bill record. Last action: Companion House Bill substituted (Apr 22, 2025).