Amends TCA Title 67, Chapter 4.
Tennessee HB0156 proposes to exempt child care agencies from business taxes. The bill affects child care providers by relieving them of this tax burden and mandates that the state allocate the amount of business taxes collected from child care services in the 2023-2024 fiscal year to counties and municipalities. Key provisions include the tax exemption for child care agencies and the requirement for annual allocation of the derived tax revenue.
Tennessee HB0156 proposes to exempt child care agencies from business taxes. The bill affects child care providers by relieving them of this tax burden and mandates that the state allocate the amount of business taxes collected from child care services in the 2023-2024 fiscal year to counties and municipalities. Key provisions include the tax exemption for child care agencies and the requirement for annual allocation of the derived tax revenue.
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Clemmons, John Ray
114th General Assembly
January 14, 2025
January 28, 2025
Assigned to s/c Finance, Ways, and Means Subcommittee