Amends TCA Title 67, Chapter 4, Part 17.
Present law levies a privilege tax in the amount of $400 per year on persons licensed or registered as agents, broker-dealers, investment advisers, osteopathic physicians, physicians, and attorneys. Under this bill, occupation tax will not apply to any person who is retired from a profession that is subject to the tax; provided, that a person may engage in such work as a volunteer without being compensated and maintain the person's retired status.
Present law levies a privilege tax in the amount of $400 per year on persons licensed or registered as agents, broker-dealers, investment advisers, osteopathic physicians, physicians, and attorneys. Under this bill, occupation tax will not apply to any person who is retired from a profession that is subject to the tax; provided, that a person may engage in such work as a volunteer without being compensated and maintain the person's retired status.
Track Tennessee Legislation Like a Pro
Join hundreds of professionals using LegisGo to stay ahead of legislative changes.
Instant Alerts
Get notified when bills you track move through the legislature
AI Summaries
Understand complex legislation in seconds with AI-powered analysis
Full Access
All 132 legislators, committee schedules, and voting records