Amends TCA Title 67, Chapter 4, Part 17.

Present law levies a professional privilege tax in the amount of $400 per year on registered lobbyists, corporate agents, broker-dealers, investment advisers, accountants, architects, real estate brokers, engineers, landscape architects, audiologists, chiropractors, dentists, optometrists, osteopathic physicians, pharmacists, physicians, podiatrists, psychologists, speech pathologists, veterinarians, attorneys, and athlete agents.<br /> <br /> This bill gradually phases out the professional privilege tax as follows:<br /> <br /> (1) For any tax year ending on or before May 31, 2021, the tax will remain $400;<br /> (2) For the tax year ending on or after May 31, 2022, the tax will be $300; and<br /> (3) For the tax year ending on or before May 31, 2025, the tax will be $0.<br /> <br /> This bill expresses the legislative intent that the professional privilege tax be reduced by $100 per year by legislative enactments, beginning in 2021.<br /> <br />