Amends TCA Title 67, Chapter 4, Part 17.
Tennessee SB1842 proposes to reduce the professional privilege tax for attorneys from $400 to $200 per year, effective for tax years beginning on or after June 1, 2027. This bill specifically affects attorneys who are subject to the professional privilege tax in Tennessee. The key provision of the bill is the reduction of the tax amount, which aims to lessen the financial burden on legal professionals in the state.
Tennessee SB1842 proposes to reduce the professional privilege tax for attorneys from $400 to $200 per year, effective for tax years beginning on or after June 1, 2027. This bill specifically affects attorneys who are subject to the professional privilege tax in Tennessee. The key provision of the bill is the reduction of the tax amount, which aims to lessen the financial burden on legal professionals in the state.
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