Scored 5/10 on whether it helps or hurts everyday people.
The Asks Study Bill
Tennessee bill asks study on making tax credits transferable
AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 4, Part 20 and Title 67, Chapter 4, Part 21, relative to credits against franchise and excise tax liability.
Mixed: some good, some bad ·
If passed, the state would ask the revenue department to see if tax credits can be sold or given to other people or companies.
Our take
What we think, in plain words.
Citizens should watch because letting credits be transferred could help big companies move money around, but it might not change anyone’s tax bill right now.
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The facts
What the bill actually says, no spin.
- The bill would require the Tennessee Department of Revenue to study transferability of franchise and excise tax credits.
- The study must be reported to the Senate Finance, Ways, and Means Committee and the House committee by Jan 1, 2026.
- The bill does not change any tax rates or credit amounts; it only orders a study.
In the news
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Sources
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