SB 1274: Taxes, Franchise - As introduced, allows professionals who own corporations, limited partnerships, and similar business entities to take their professional privilege tax payment as a credit against the business entity's franchise and excise tax liability. - Amends TCA Title 67, Chapter 4, Part 17; Title 67, Chapter 4, Part 20 and Title 67, Chapter 4, Part 21.
Assigned to General Subcommittee of Senate Finance, Ways, and Means Committee