2025-2026 Regular SessionTennessee Legislature

HB0988: AN ACT to amend Tennessee Code Annotated, Title 43, Chapter 16, Part 1 and Section 67-4-102, relative to subsidiaries of agricultural cooperative associations.

Legislative Summary

As introduced, specifies that the privilege tax exemption for subsidiaries of agricultural cooperatives applies without regard to whether the subsidiary was formed as a corporation, limited liability company, limited liability partnership, or other legal entity, association, or body vested with the power or function of a legal entity. - Amends TCA Title 43, Chapter 16, Part 1 and Section 67-4-102.

Demographic Impact

Overall analysis of equity impact

70% Positive
Medium ConfidenceView detailed demographic breakdown ↓

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Bill History

2/5/2025
Filed for introduction
House of Representatives
2/6/2025
Intro., P1C.
House of Representatives
2/10/2025
P2C, ref. to Finance, Ways, and Means Committee
House of Representatives
2/11/2025
Assigned to s/c Finance, Ways, and Means Subcommittee
House of Representatives
2/26/2025
Placed on s/c cal Finance, Ways, and Means Subcommittee for 3/5/2025
House of Representatives
3/5/2025
Placed behind the budget
House of Representatives
4/9/2025
Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/14/2025
House of Representatives
4/16/2025
Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/17/2025
House of Representatives
4/17/2025
Rec. for pass by s/c ref. to Finance, Ways, and Means Committee
House of Representatives
4/17/2025
Rec. for pass; ref to Calendar & Rules Committee
House of Representatives
4/17/2025
Placed on cal. Calendar & Rules Committee for 4/17/2025
House of Representatives
4/17/2025
H. Placed on Regular Calendar for 4/21/2025
House of Representatives
4/21/2025
Comp. SB subst.
House of Representatives
4/21/2025
Sponsor(s) Added.
House of Representatives

Roll Call Votes

HOUSE FINANCE, WAYS, AND MEANS SUBCOMMITTEE: Rec. for pass by s/c ref. to Finance, Ways, and Means Committee
4/17/2025
11
Yea
0
Nay
0
Not Voting
0
Absent
Result: PASSED
HOUSE FINANCE, WAYS, AND MEANS COMMITTEE: Rec. for pass; ref to Calendar & Rules Committee
4/17/2025
27
Yea
0
Nay
0
Not Voting
0
Absent
Result: PASSED

Status Information

Current Status
Introduced(2/5/2025)
Chamber
House of Representatives

Documents

Draft
Bill Text2/5/20258.5 KB
Fiscal Note
Fiscal Note2/22/2025117.7 KB