2025-2026 Regular SessionTennessee Legislature

HB0635: AN ACT to amend Tennessee Code Annotated, Section 67-4-2006, relative to taxation.

Legislative Summary

As introduced, urges the department of revenue to study the economic impact of authorized adjustments to net earnings and net losses; requires the department, if such study is conducted, to report its findings and recommendations, on or before January 1, 2026, to the finance, ways and means committee of the senate and the committee in the house of representatives having jurisdiction over tax-related matters. - Amends TCA Section 67-4-2006.

Demographic Impact

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Bill History

1/31/2025
Filed for introduction
House of Representatives
2/3/2025
Intro., P1C.
House of Representatives
2/5/2025
P2C, ref. to Finance, Ways, and Means Committee
House of Representatives
2/5/2025
Assigned to s/c Finance, Ways, and Means Subcommittee
House of Representatives
2/19/2025
Assigned to s/c Finance, Ways, and Means Subcommittee
House of Representatives
2/19/2025
Placed on s/c cal Finance, Ways, and Means Subcommittee for 2/26/2025
House of Representatives
2/26/2025
Action Def. in s/c Finance, Ways, and Means Subcommittee to 3/12/2025
House of Representatives
3/5/2025
Placed on s/c cal Finance, Ways, and Means Subcommittee for 3/12/2025
House of Representatives
3/12/2025
Rec for pass if am by s/c ref. to Finance, Ways, and Means Committee
House of Representatives
3/12/2025
Placed on cal. Finance, Ways, and Means Committee for 3/18/2025
House of Representatives
3/18/2025
Rec. for pass. if am., ref. to Calendar & Rules Committee
House of Representatives
3/19/2025
Placed on cal. Calendar & Rules Committee for 3/20/2025
House of Representatives
3/20/2025
H. Placed on Regular Calendar for 3/24/2025
House of Representatives
3/24/2025
H. adopted am. (Amendment 1 - HA0112)
House of Representatives
3/24/2025
Passed H., as am., Ayes 94, Nays 0, PNV 0
House of Representatives
3/25/2025
Engrossed; ready for transmission to Sen.
House of Representatives
3/26/2025
Received from House, Passed on First Consideration
Senate
4/14/2025
Senate substituted House Bill for companion Senate Bill.
Senate
4/14/2025
Amendment withdrawn. (Amendment 1 - SA0371)
Senate
4/14/2025
Passed Senate, Ayes 32, Nays 0
Senate
4/15/2025
Enrolled; ready for sig. of H. Speaker.
House of Representatives
4/15/2025
Signed by H. Speaker
House of Representatives
4/17/2025
Signed by Senate Speaker
Senate
4/21/2025
Transmitted to Governor for his action.
House of Representatives

Amendments

HA0112

Amendment 1-0 to HB0635

3/19/2025Not Adopted

Roll Call Votes

FLOOR VOTE: Third Consideration
4/14/2025
32
Yea
0
Nay
0
Not Voting
0
Absent
Result: PASSED
FLOOR VOTE: REGULAR CALENDAR AS AMENDED PASSAGE ON THIRD CONSIDERATION
3/24/2025
94
Yea
0
Nay
0
Not Voting
0
Absent
Result: PASSED
HOUSE FINANCE, WAYS, AND MEANS COMMITTEE: Rec. for pass. if am., ref. to Calendar & Rules Committee
3/18/2025
23
Yea
0
Nay
0
Not Voting
0
Absent
Result: PASSED
HOUSE FINANCE, WAYS, AND MEANS SUBCOMMITTEE: Rec for pass if am by s/c ref. to Finance, Ways, and Means Committee
3/12/2025
13
Yea
0
Nay
0
Not Voting
0
Absent
Result: PASSED

Status Information

Current Status
Enrolled(4/15/2025)
Chamber
House of Representatives

Sponsors

Republican: 1

Documents

Draft
Bill Text1/31/20258.0 KB
Fiscal Note/Analysis
Fiscal Note/Analysis2/25/2025115.8 KB
Fiscal Note
Fiscal Note2/1/2025116.4 KB