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.

Looking ahead

No hearings or votes scheduled.

History

1. 2025
   1. May 27Pub. Ch. 496Latest
   2. May 27Effective date(s) 01/01/2026
   3. May 21Signed by Governor Bill Lee.Became Law
   4. May 9Transmitted to Governor for his action.To Governor
   5. May 8Signed by Senate SpeakerMajor
   6. Apr 30Signed by H. SpeakerMajor
   7. Apr 28Enrolled; ready for sig. of H. Speaker.Minor
   8. Apr 22Received from House, Passed on First ConsiderationMinor
      • Vote recorded FLOOR VOTE: Third Consideration 4/22/2025 Passed. Result: pass.Upper
   9. Apr 22Senate substituted House Bill for companion Senate Bill.Major
   10. Apr 22Amendment withdrawn. (Amendment 1 - SA0448)
   11. Apr 22Passed Senate, Ayes 33, Nays 0Passed Senate
   12. Apr 21H. adopted am. (Amendment 1 - HA0502)Major
       • Vote recorded HOUSE CALENDAR & RULES COMMITTEE: H. Placed on Regular Calendar for 4/21/2025 4/17/2025. Result: fail.Lower
       • Vote recorded FLOOR VOTE: REGULAR CALENDAR AS AMENDED PASSAGE ON THIRD CONSIDERATION 4/21/2025 Passed. Result: pass.Lower
   13. Apr 21Passed H., as am., Ayes 92, Nays 0, PNV 0Passed House
   14. Apr 21Engrossed; ready for transmission to Sen.Minor
   15. Apr 17Rec. for pass by s/c ref. to Finance, Ways, and Means CommitteeMinor
       • Vote recorded HOUSE FINANCE, WAYS, AND MEANS COMMITTEE: Rec. for pass. if am., ref. to Calendar & Rules Committee 4/17/2025 Passed. Result: pass.Lower
       • Vote recorded HOUSE FINANCE, WAYS, AND MEANS SUBCOMMITTEE: Rec. for pass by s/c ref. to Finance, Ways, and Means Committee 4/17/2025 Passed. Result: pass.Lower
       • Vote recorded HOUSE FINANCE, WAYS, AND MEANS COMMITTEE: Rec. for pass; ref to Calendar & Rules Committee 4/17/2025 Passed. Result: pass.Lower
   16. Apr 17Rec. for pass. if am., ref. to Calendar & Rules CommitteeMinor
   17. Apr 17Placed on cal. Calendar & Rules Committee for 4/17/2025
   18. Apr 17H. Placed on Regular Calendar for 4/21/2025
   19. Apr 16Sponsor(s) Added.Minor
   20. Apr 16Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/17/2025
   21. Apr 9Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/14/2025
   22. Feb 26Placed behind the budget
   23. Feb 19Placed on s/c cal Finance, Ways, and Means Subcommittee for 2/26/2025
   24. Feb 10Assigned to s/c Finance, Ways, and Means SubcommitteeMinor
   25. Feb 6P2C, ref. to Finance, Ways, and Means CommitteeMinor
   26. Feb 5Intro., P1C.Minor
   27. Feb 3Filed for introductionIntroduced