2025-2026 Regular SessionTennessee Legislature

SB0784: AN ACT to amend Tennessee Code Annotated, Section 67-4-2109, relative to tax credits for financial institutions.

Legislative Summary

As introduced, changes the amounts of the franchise and excise tax credits allowed to financial institutions from certain percentages of the unpaid principal balance of certain qualified loans made to eligible housing entities to certain percentages of the month-end average unpaid principal balance of such loans; makes other related revisions. - Amends TCA Section 67-4-2109.

Demographic Impact

Overall analysis of equity impact

Neutral
Medium ConfidenceView detailed demographic breakdown ↓

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Bill History

2/4/2025
Filed for introduction
Senate
2/10/2025
Introduced, Passed on First Consideration
Senate
2/12/2025
Passed on Second Consideration, refer to Senate Finance, Ways, and Means Committee
Senate
2/18/2025
Refer to Senate F,W&M Revenue Subcommittee
Senate
3/4/2025
Placed on Senate FW&M Revenue Subcommittee calendar for 3/11/2025
Senate
3/11/2025
Refer to Senate Finance, Ways & Means Committee w/ negative recommendation, as amended
Senate
4/14/2025
Rule #83(8) Suspended, to be heard in Senate Finance, Ways & Means Committee on 4/15/2025
Senate
4/14/2025
Placed on Senate Finance, Ways, and Means Committee calendar for 4/15/2025
Senate
4/17/2025
Placed on Senate Finance, Ways, and Means Committee calendar for 4/21/2025
Senate
4/21/2025
Recommended for passage with amendment/s, refer to Senate Calendar Committee Ayes 11, Nays 0 PNV 0
Senate
4/21/2025
Placed on Senate Regular Calendar for 4/22/2025
Senate
4/22/2025
Companion House Bill substituted
Senate

Amendments

SA0448

Amendment 1-0 to SB0784

4/21/2025Not Adopted

Roll Call Votes

SENATE FINANCE, WAYS AND MEANS COMMITTEE: Recommended for passage with amendment/s, refer to Senate Calendar Committee Ayes 11, Nays 0 PNV 0
4/21/2025
11
Yea
0
Nay
0
Not Voting
0
Absent
Result: PASSED

Status Information

Current Status
Introduced(2/4/2025)
Chamber
Senate

Sponsors

Republican: 1

Primary Sponsor

Page Walley
Page Walley
Republican

Documents

Draft
Bill Text2/4/20258.4 KB
Fiscal Note/Analysis
Fiscal Note/Analysis3/17/2025164.1 KB
Fiscal Note
Fiscal Note2/22/2025145.7 KB