2025-2026 Regular SessionTennessee Legislature

SB1002: 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

Neutral
Medium Confidence

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Bill History

2/5/2025
Filed for introduction
Senate
2/10/2025
Introduced, Passed on First Consideration
Senate
2/12/2025
Passed on Second Consideration, refer to Senate Energy, Ag., and Nat. Resources Committee
Senate
2/19/2025
Placed on Senate Energy, Ag., and Nat. Resources Committee calendar for 2/26/2025
Senate
2/26/2025
Recommended for passage, refer to Senate Calendar Committee
Senate
2/27/2025
Recalled from Senate Calendar Committee
Senate
2/27/2025
Refer to Senate Finance, Ways & Means Committee
Senate
3/11/2025
Placed on Senate Finance, Ways, and Means Committee calendar for 3/18/2025
Senate
3/12/2025
Sponsor(s) Added.
Senate
3/18/2025
Action deferred in Senate Finance, Ways, and Means Committee to 4/1/2025
Senate
3/25/2025
Placed on Senate Finance, Ways, and Means Committee calendar for 4/1/2025
Senate
4/1/2025
Action deferred in Senate Finance, Ways, and Means Committee to 4/8/2025
Senate
4/1/2025
Placed on Senate Finance, Ways, and Means Committee calendar for 4/8/2025
Senate
4/8/2025
Recommended for passage, refer to Senate Calendar Committee
Senate
4/8/2025
Sponsor(s) Added.
Senate
4/11/2025
Placed on Senate Consent Calendar 2 for 4/14/2025
Senate
4/14/2025
Passed Senate, Ayes 32, Nays 0
Senate
4/14/2025
Engrossed; ready for transmission to House
Senate
4/14/2025
Sponsor(s) Added.
Senate
4/15/2025
Rcvd. from S., held on H. desk.
House of Representatives
4/21/2025
Subst. for comp. HB.
House of Representatives
4/21/2025
Passed H., Ayes 92, Nays 0, PNV 0
House of Representatives

Roll Call Votes

FLOOR VOTE: REGULAR CALENDAR PASSAGE ON THIRD CONSIDERATION
4/21/2025
92
Yea
0
Nay
0
Not Voting
0
Absent
Result: PASSED
FLOOR VOTE: Motion to Adopt
4/14/2025
32
Yea
0
Nay
0
Not Voting
0
Absent
Result: PASSED
SENATE FINANCE, WAYS AND MEANS COMMITTEE: Recommended for passage, refer to Senate Calendar Committee
4/8/2025
9
Yea
0
Nay
0
Not Voting
0
Absent
Result: PASSED
SENATE ENERGY, AGRICULTURE AND NATURAL RESOURCES COMMITTEE: Recommended for passage, refer to Senate Calendar Committee
2/26/2025
9
Yea
0
Nay
0
Not Voting
0
Absent
Result: PASSED

Status Information

Current Status
Engrossed(4/14/2025)
Chamber
House of Representatives

Documents

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