Taxes, Privilege
Tennessee 112th General Assembly
AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 4, Part 29, relative to time for collection of privilege tax on residential development. [HB-1172]
[Real Estate ]
[Taxes ]
[Construction ]
[Housing ]
[Property Tax ]
As enacted, authorizes a local governing body to pass a resolution or ordinance requiring 50 percent of the residential development tax levied under the County Powers Relief Act to be paid at the time of application for a building permit and the remaining 50 percent of the tax to be paid prior to the issuance of a certificate of occupancy. - Amends TCA Title 67, Chapter 4, Part 29.
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AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 4, Part 4, relative to transfer tax. [HB-1107]
[Taxes ]
[Real Estate ]
As introduced, clarifies that a deed is treated as a quitclaim deed for transfer tax purposes if the deed only conveys the grantor's interest to the grantee, and that a deed containing language evidencing an intent to convey the property itself, warranties of title, or habendum clauses is taxed as a transfer of a freehold estate. - Amends TCA Title 67, Chapter 4, Part 4.
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Tennessee 112th General Assembly
AN ACT to amend Tennessee Code Annotated, Section 49-7-2109 and Title 67, Chapter 4, Part 17, relative to the privilege tax imposed on persons engaged in certain occupations. [HB-987]
[Taxes ]
[Labor, Jobs, Employment ]
As introduced, eliminates the professional privilege tax for tax years that begin on and after June 1, 2022. - Amends TCA Section 49-7-2109 and Title 67, Chapter 4, Part 17.
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Tennessee 112th General Assembly
AN ACT to amend Tennessee Code Annotated, Title 3; Title 48; Title 63 and Title 67, relative to taxation. [SB-897]
[Taxes ]
[Tourism ]
As enacted, makes permanent the removal of the cap on the amount of state shared sales tax revenue remitted to premiere type tourist resort municipalities. - Amends TCA Title 3; Title 48; Title 63 and Title 67.
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Tennessee 112th General Assembly
AN ACT to amend Tennessee Code Annotated, Title 63 and Title 67, Chapter 4, Part 17, relative to taxation. [SB-884]
[Taxes ]
[Healthcare ]
As enacted, eliminates the professional privilege tax for physicians. - Amends TCA Title 63 and Title 67, Chapter 4, Part 17.
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Tennessee 112th General Assembly
AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 4, Part 4, relative to recordation tax on transfers related to entities. [SB-892]
[Real Estate ]
[Taxes ]
[Small Business ]
As introduced, exempts from recordation tax, transfers by a transferor of real estate to a limited liability company, a corporation, or a partnership when the transferor is a member, stockholder, or partner, respectively, as a capital contribution to the business entity or a transfer from such entity to such existing member, stockholder, or partner as a distribution from such business entity. - Amends TCA Title 67, Chapter 4, Part 4.
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Tennessee 112th General Assembly
AN ACT to amend Tennessee Code Annotated, Title 57, relative to the beer barrelage tax. [SB-847]
[Agriculture ]
[Alcoholic Beverages ]
[Taxes ]
[Budget and Spending ]
[Economic Development ]
As introduced, reallocates 3 percent of revenue derived from the beer barrelage tax that is provided to the general fund to the department of agriculture for the purposes of supporting growth in the utilization of Tennessee agricultural products in brewing and in the promotion of the growth of the Tennessee brewing industry. - Amends TCA Title 57.
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Tennessee 112th General Assembly
AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 4, Part 4, relative to assignments of instruments evidencing an indebtedness. [SB-796]
[Finance ]
[Real Estate ]
As introduced, requires that instruments assigning an indebtedness to a new lienholder be offered for recording within 60 days from the effective date of the instrument; imposes penalty of $250 if the instrument is offered for recording after the 60-day period. - Amends TCA Title 67, Chapter 4, Part 4.
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Tennessee 112th General Assembly
AN ACT to amend Tennessee Code Annotated, Title 57, relative to the beer barrelage tax. [HB-852]
[Agriculture ]
[Alcoholic Beverages ]
[Taxes ]
[Budget and Spending ]
[Economic Development ]
As introduced, reallocates 3 percent of revenue derived from the beer barrelage tax that is provided to the general fund to the department of agriculture for the purposes of supporting growth in the utilization of Tennessee agricultural products in brewing and in the promotion of the growth of the Tennessee brewing industry. - Amends TCA Title 57.
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Tennessee 112th General Assembly
AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 4, Part 4, relative to assignments of instruments evidencing an indebtedness. [HB-730]
[Finance ]
[Real Estate ]
As introduced, requires that instruments assigning an indebtedness to a new lienholder be offered for recording within 60 days from the effective date of the instrument; imposes penalty of $250 if the instrument is offered for recording after the 60-day period. - Amends TCA Title 67, Chapter 4, Part 4.
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Tennessee 112th General Assembly
AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 4, Part 4, relative to recordation tax on transfers related to entities. [HB-625]
[Real Estate ]
[Taxes ]
[Small Business ]
As introduced, exempts from recordation tax, transfers by a transferor of real estate to a limited liability company, a corporation, or a partnership when the transferor is a member, stockholder, or partner, respectively, as a capital contribution to the business entity or a transfer from such entity to such existing member, stockholder, or partner as a distribution from such business entity. - Amends TCA Title 67, Chapter 4, Part 4.
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Tennessee 112th General Assembly
AN ACT to amend Tennessee Code Annotated, Title 63 and Title 67, Chapter 4, Part 17, relative to taxation. [HB-519]
[Taxes ]
[Healthcare ]
As enacted, eliminates the professional privilege tax for physicians. - Amends TCA Title 63 and Title 67, Chapter 4, Part 17.
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Tennessee 112th General Assembly
AN ACT to amend Tennessee Code Annotated, Title 3; Title 48; Title 63 and Title 67, relative to taxation. [HB-496]
[Taxes ]
[Tourism ]
As enacted, makes permanent the removal of the cap on the amount of state shared sales tax revenue remitted to premiere type tourist resort municipalities. - Amends TCA Title 3; Title 48; Title 63 and Title 67.
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Tennessee 112th General Assembly
AN ACT to amend Tennessee Code Annotated, Section 49-7-2109 and Title 67, Chapter 4, Part 17, relative to the privilege tax imposed on persons engaged in certain occupations. [SB-184]
[Taxes ]
[Labor, Jobs, Employment ]
As introduced, eliminates the professional privilege tax for tax years that begin on and after June 1, 2022. - Amends TCA Section 49-7-2109 and Title 67, Chapter 4, Part 17.
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Tennessee 111th General Assembly
As introduced, changes from 180 days to 210 days the amount of time extended to a military or national guard service member who is subject to the professional privilege tax to pay the tax upon return from a combat deployment. - Amends TCA Title 67, Chapter 4, Part 17. [SB-1456]
[Military ]
[Taxes ]
[Veterans ]
As introduced, changes from 180 days to 210 days the amount of time extended to a military or national guard service member who is subject to the professional privilege tax to pay the tax upon return from a combat deployment. - Amends TCA Title 67, Chapter 4, Part 17.
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Tennessee 111th General Assembly
As introduced, exempts individuals from the professional privilege tax if they are exempt from paying the business tax on gross receipts derived from providing the services for which they are licensed or registered. - Amends TCA Title 67, Chapter 4, Part 17. [SB-1290]
[Taxes ]
[Small Business ]
[Labor, Jobs, Employment ]
As introduced, exempts individuals from the professional privilege tax if they are exempt from paying the business tax on gross receipts derived from providing the services for which they are licensed or registered. - Amends TCA Title 67, Chapter 4, Part 17.
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Tennessee 111th General Assembly
As introduced, reduces from 20 percent to 15 percent the threshold decennial county growth rate required before a county is authorized to levy a privilege tax on persons and entities engaged in residential development of property to provide the county with an additional source of funding to defray the cost of providing school facilities. - Amends TCA Title 67, Chapter 4, Part 29. [SB-1162]
[Property Tax ]
[Taxes ]
[Education ]
[Housing ]
[Real Estate ]
[Construction ]
As introduced, reduces from 20 percent to 15 percent the threshold decennial county growth rate required before a county is authorized to levy a privilege tax on persons and entities engaged in residential development of property to provide the county with an additional source of funding to defray the cost of providing school facilities. - Amends TCA Title 67, Chapter 4, Part 29.
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Tennessee 111th General Assembly
As introduced, exempts from real estate transfer tax, the transfer of any real estate where the transferor is a member, stock holder, or partner, the transferee is a limited liability company, corporation, or partnership, and the real estate so conveyed serves as a capital contribution to the business entity; also exempts transfers where the transferor is an LLC, corporation, or partnership, the transferee is an existing member, stock holder, or partner, and the property conveyed services as a distribution from the business entity. - Amends TCA Section 67-4-409. [SB-1044]
[Real Estate ]
[Taxes ]
[Small Business ]
As introduced, exempts from real estate transfer tax, the transfer of any real estate where the transferor is a member, stock holder, or partner, the transferee is a limited liability company, corporation, or partnership, and the real estate so conveyed serves as a capital contribution to the business entity; also exempts transfers where the transferor is an LLC, corporation, or partnership, the transferee is an existing member, stock holder, or partner, and the property conveyed services as a distribution from the business entity. - Amends TCA
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Tennessee 111th General Assembly
As introduced, exempts judges and chancellors from the professional privilege tax assessed to persons licensed as attorneys. - Amends TCA Title 67, Chapter 4, Part 17. [SB-992]
[Taxes ]
[Law Enforcement ]
As introduced, exempts judges and chancellors from the professional privilege tax assessed to persons licensed as attorneys. - Amends TCA Title 67, Chapter 4, Part 17.
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Tennessee 111th General Assembly
As introduced, eliminates the professional privilege tax for the tax year ending on May 31, 2020, and subsequent tax years. - Amends TCA Title 67, Chapter 4, Part 17. [SB-492]
[Taxes ]
As introduced, eliminates the professional privilege tax for the tax year ending on May 31, 2020, and subsequent tax years. - Amends TCA Title 67, Chapter 4, Part 17.