Amends TCA Title 67, Chapter 4, Part 20 and Title 67, Chapter 4, Part 21.
Tennessee SB0430 urges the Department of Revenue to study the potential economic impact of allowing all franchise and excise tax credits to be transferable to any person or entity other than the original recipient. The bill affects entities that receive these tax credits and aims to explore the implications of such transferability. It requires the Department to report findings to the Senate Finance, Ways and Means Committee and the relevant House committee by January 1, 2026, if the study is conducted.
Tennessee SB0430 urges the Department of Revenue to study the potential economic impact of allowing all franchise and excise tax credits to be transferable to any person or entity other than the original recipient. The bill affects entities that receive these tax credits and aims to explore the implications of such transferability. It requires the Department to report findings to the Senate Finance, Ways and Means Committee and the relevant House committee by January 1, 2026, if the study is conducted.
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