Tennessee HB0424 urges the Department of Revenue to study the economic impact of making franchise and excise tax credits transferable.
Tennessee HB0424 urges the Department of Revenue to study the potential economic impact of making all franchise and excise tax credits transferable to any person or entity other than the entity to whom or to which the credits are initially made available. If the study is conducted, the Department must report its findings and recommendations to the relevant tax-related committees by January 1, 2026. The act takes effect upon becoming law.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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