Tennessee SB0430 urges the Department of Revenue to study the economic impact of making franchise and excise tax credits transferable to entities.
Tennessee SB0430 seeks to amend tax laws by urging the Department of Revenue to study the potential economic impact of making franchise and excise tax credits transferable to entities other than the original recipient. If the study is conducted, the department must report its findings and recommendations to the relevant committees by January 1, 2026. This bill aims to explore the broader economic implications of such tax credit transfers.
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