Taxes, Privilege - As introduced, removes licensed attorneys who have practiced more than 20 years from the application of the professional privilege tax. - Amends TCA Title 67, Chapter 4, Part 17.

SB 1963 modifies Tennessee's professional privilege tax for attorneys by exempting those who have practiced law for 20 years or more. It directly affects licensed attorneys with two decades or more of active practice, removing them from the tax's application. The bill amends Tennessee Code Annotated §67-4-1702(3) to clarify that the tax applies only to attorneys with less than 20 years of practice. This change takes effect for taxes due after May 31, 2027.