This bill amends Tennessee's tax code to eliminate privilege taxes for certain professions starting June 1, 2026.
The bill amends Tennessee's tax code to eliminate privilege taxes for certain professions starting June 1, 2026. It sets the tax at $400 for tax years ending before May 31, 2026, and eliminates the tax for tax years ending after that date. It also ensures that a person registered for two or more professions is not required to pay more than one tax. The changes apply to taxes due and payable after May 31, 2026.
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- Core Provisions
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- Legal Framework
- Critical Issues
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