SB2198113th GA (Historical)In Committee

Amends TCA Title 67, Chapter 4, Part 21.

As introduced, requires the department of revenue to submit, by January 1, 2026, a one-time report to the finance, ways and means committees of the house of representatives and the senate concerning the revenue effects of certain amendments made to the provision of the Franchise Tax Law of 1999 that determines the apportionment of a taxpayer's net worth.

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Overview

As introduced, requires the department of revenue to submit, by January 1, 2026, a one-time report to the finance, ways and means committees of the house of representatives and the senate concerning the revenue effects of certain amendments made to the provision of the Franchise Tax Law of 1999 that determines the apportionment of a taxpayer's net worth.

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Sponsor

Yarbro, Jeff

Details
Session

113th General Assembly

Introduced

January 30, 2024

Last Action

March 19, 2024

Refer to Senate Finance, Ways & Means Committee w/ negative recommendation, as amended

Subjects
Taxes, Franchise

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SB2198: Amends TCA Title 67, Chapter 4, Part 21. | LegisGo