Tennessee HB0635 urges the Department of Revenue to study the economic impact of tax adjustments and report findings to relevant committees.
Tennessee HB0635 amends the tax code to urge the Department of Revenue to study the economic impact of adjustments to net earnings and net losses. If the study is conducted, the department must report its findings and recommendations to the Senate Finance, Ways and Means Committee and the House committee with jurisdiction over tax-related matters by January 1, 2026. The act takes effect upon becoming law.
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