SB 1516 Tennessee Senate · 113th Regular Session (2023-2024)

Taxes - As introduced, enacts the "Tennessee Tax on Wall Street Act"; imposes a tax equal to 4 percent on all purchases of financial securities made by Tennessee residents; exempts purchases made by retirement accounts and savings plans. - Amends TCA Title 67.

Bill status passed 3 of 5 stages cleared
Introduction
Feb 2023
Committee Review
Feb 2023
Senate Passage
Feb 2023
House Passage
Governor
Introduced Feb 2, 2023 Last action Feb 14, 2023
Floor votes

How they voted

This bill passed the Senate. No roll call record of that vote is available.
Full legislative history

Actions timeline

Total actions
4
Key actions
2
Committee
1
Feb 14, 2023
Upper · Passed
Refer to Senate F,W&M Revenue Subcommittee
upper
Feb 6, 2023
Upper · Passed
Passed on Second Consideration, refer to Senate Finance, Ways, and Means Committee
upper
Feb 2, 2023
Introduced
Introduced, Passed on First Consideration
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Raumesh Akbari
Raumesh Akbari
DDemocratic
TN
29