TN SB2649 | 2017-2018 | 110th General Assembly
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 1 2018 - 25% progression, died in chamber
Action: 2018-04-10 - Deferred to Summer Study
Text: Latest bill text (Draft #1) [PDF]
Status: Introduced on February 1 2018 - 25% progression, died in chamber
Action: 2018-04-10 - Deferred to Summer Study
Text: Latest bill text (Draft #1) [PDF]
Summary
As introduced, establishes the Tennessee taxpayer relief and recession reserve; clarifies that deposits into the reserve for revenue fluctuation and the relief and recession reserve do not count toward the Copeland Cap; provides an automatic, temporary sales tax reduction when there are sufficient over collections to offset the loss of revenue. - Amends TCA Title 9 and Title 67.
Title
As introduced, establishes the Tennessee taxpayer relief and recession reserve; clarifies that deposits into the reserve for revenue fluctuation and the relief and recession reserve do not count toward the Copeland Cap; provides an automatic, temporary sales tax reduction when there are sufficient over collections to offset the loss of revenue. - Amends TCA Title 9 and Title 67.
Sponsors
Sen. Bo Watson [R] |
History
Date | Chamber | Action |
---|---|---|
2018-04-10 | Senate | Deferred to Summer Study |
2018-04-04 | Senate | Placed on Senate Finance, Ways, and Means Committee calendar for 4/10/2018 |
2018-03-06 | Senate | Refer to Senate Finance, Ways & Means Committee w/ recommendation |
2018-02-28 | Senate | Placed on Senate FW&M Revenue Subcommittee calendar for 3/6/2018 |
2018-02-13 | Senate | Refer to Senate F,W&M Revenue Subcommittee |
2018-02-05 | Senate | Passed on Second Consideration, refer to Senate Finance, Ways, and Means Committee |
2018-02-01 | Senate | Introduced, Passed on First Consideration |
2018-02-01 | Senate | Filed for introduction |
Same As/Similar To
HB1457 (Crossfiled) 2018-04-09 - Def. to Summer Study in Finance, Ways & Means Subcommittee