Taxes, Franchise - As introduced, changes the statutory apportionment formula used to calculate franchise and excise taxes from a three-factor formula to a single-sales-factor formula for small businesses. - Amends TCA Title 67, Chapter 4, Part 20 and Title 67, Chapter 4, Part 21.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2017
Committee Review
Floor Vote
Governor
Introduced Feb 8, 2017
Last action Mar 1, 2017
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
13
Key actions
5
Committee
7
Mar 1, 2017
Upper · Passed
Refer to Senate Finance, Ways & Means Committee with negative recommendation
upper
Feb 28, 2017
Upper · Passed
Placed on Senate FW&M Revenue Subcommittee calendar for 3/1/2017
upper
Feb 27, 2017
Upper · Passed
Rule #83(8) Suspended, to be heard in FW&M Revenue Subcommittee 3-1-17
upper
Feb 21, 2017
Upper · Passed
Refer to Senate Revenue Subcommittee of Finance, Ways & Means Committee
upper
Feb 14, 2017
Committee
Assigned to s/c Finance, Ways & Means Subcommittee
lower
Feb 13, 2017
Upper · Passed
Passed on Second Consideration, refer to Senate Finance, Ways, and Means Committee
upper
Feb 13, 2017
Committee
P2C, ref. to Finance, Ways & Means Committee
lower
Feb 9, 2017
Introduced
Filed for introduction
upper
Feb 9, 2017
Introduced
Introduced, Passed on First Consideration
upper
Feb 9, 2017
Introduced
Intro., P1C.
lower
Feb 8, 2017
Introduced
Filed for intro.
lower
2 primary · 0 co-sponsors
Sponsors
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