Amends TCA Title 63 and Title 67, Chapter 4, Part 17.
Present law imposes an annual privilege tax of $400 on the following: registered lobbyists; persons licensed or registered under the Tennessee Securities Act as agents, broker-dealers, or investment advisers; licensed physicians and osteopathic physicians; and licensed attorneys. This bill eliminates the tax for attorneys, physicians, investment advisors, and lobbyists. Persons registered under the Tennessee Securities Act as agents and broker-dealers will still be subject to the tax. This bill will apply to privilege taxes due and payable after May 31, 2022. ON APRIL 27, 2022, THE SENATE ADOPTED AMENDMENT #1 AND PASSED SENATE BILL 884, AS AMENDED. AMENDMENT #1 rewrites this bill to eliminate the professional privilege tax for physicians.
Present law imposes an annual privilege tax of $400 on the following: registered lobbyists; persons licensed or registered under the Tennessee Securities Act as agents, broker-dealers, or investment advisers; licensed physicians and osteopathic physicians; and licensed attorneys. This bill eliminates the tax for attorneys, physicians, investment advisors, and lobbyists. Persons registered under the Tennessee Securities Act as agents and broker-dealers will still be subject to the tax. This bill will apply to privilege taxes due and payable after May 31, 2022. ON APRIL 27, 2022, THE SENATE ADOPTED AMENDMENT #1 AND PASSED SENATE BILL 884, AS AMENDED. AMENDMENT #1 rewrites this bill to eliminate the professional privilege tax for physicians.
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