Tennessee 114th General Assembly Status: Enacted 3 R cosponsors

HB 0691 — AN ACT to amend Tennessee Code Annotated, Section 67-4-2109, relative to tax credits for financial institutions.

Last action — Effective date(s) 01/01/2026

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed House
  4. ✓
    Passed Senate
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced February 03, 2025. Enacted.

Signed by Governor Bill Lee (Republican) on April 30, 2025.

Prognosis

Likely to advance 76% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 3 sponsors

    1 primary, 2 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (3 R).

  • Cleared a recorded vote

    Passed 3 recorded votes so far.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Summary

Taxes, Exemption and Credits - As enacted, changes the amounts of the franchise and excise tax credits allowed to financial institutions from certain percentages of the unpaid principal balance of certain qualified loans made to eligible housing entities to certain percentages of the month-end average unpaid principal balance of such loans; makes other related revisions. - Amends TCA Section 67-4-2109.

Bill Text

Action History

  1. Filed for introduction

  2. Introduced, Passed on First Consideration

  3. Passed on Second Consideration, refer to Senate Finance, Ways, and Means Committee

  4. Refer to Senate F,W&M Revenue Subcommittee

  5. Placed on Senate FW&M Revenue Subcommittee calendar for 3/11/2025

  6. Refer to Senate Finance, Ways & Means Committee w/ negative recommendation, as amended

  7. Rule #83(8) Suspended, to be heard in Senate Finance, Ways & Means Committee on 4/15/2025

  8. Placed on Senate Finance, Ways, and Means Committee calendar for 4/15/2025

  9. Placed on Senate Finance, Ways, and Means Committee calendar for 4/21/2025

  10. Recommended for passage with amendment/s, refer to Senate Calendar Committee Ayes 11, Nays 0 PNV 0

  11. Placed on Senate Regular Calendar for 4/22/2025

  12. Companion House Bill substituted

  13. Comp. became Pub. Ch. 496

  14. Filed for introduction

  15. Intro., P1C.

  16. P2C, ref. to Finance, Ways, and Means Committee

  17. Assigned to s/c Finance, Ways, and Means Subcommittee

  18. Placed on s/c cal Finance, Ways, and Means Subcommittee for 2/26/2025

  19. Placed behind the budget

  20. Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/14/2025

  21. Sponsor(s) Added.

  22. Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/17/2025

  23. Rec. for pass by s/c ref. to Finance, Ways, and Means Committee

  24. Rec. for pass. if am., ref. to Calendar & Rules Committee

  25. Placed on cal. Calendar & Rules Committee for 4/17/2025

  26. H. Placed on Regular Calendar for 4/21/2025

  27. H. adopted am. (Amendment 1 - HA0502)

  28. Passed H., as am., Ayes 92, Nays 0, PNV 0

  29. Engrossed; ready for transmission to Sen.

  30. Received from House, Passed on First Consideration

  31. Senate substituted House Bill for companion Senate Bill.

  32. Amendment withdrawn. (Amendment 1 - SA0448)

  33. Passed Senate, Ayes 33, Nays 0

  34. Enrolled; ready for sig. of H. Speaker.

  35. Signed by H. Speaker

  36. Signed by Senate Speaker

  37. Transmitted to Governor for his action.

  38. Signed by Governor.

  39. Pub. Ch. 496

  40. Effective date(s) 01/01/2026

Sponsors

Sponsorship breakdown

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1 sponsors · 2 co-sponsors · 130 not signed on

Sponsors (1)

Co-sponsors (2)

Not signed on (130)

130 members have not signed on to this bill.

Show all 130 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Subjects

taxation housing
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does HB 0691 do?
Taxes, Exemption and Credits - As enacted, changes the amounts of the franchise and excise tax credits allowed to financial institutions from certain percentages of the unpaid principal balance of certain qualified loans made to eligible housing entities to certain percentages of the month-end average unpaid principal balance of such loans; makes other related revisions. - Amends TCA Section 67-4-2109.
Who sponsors HB 0691?
HB 0691 is sponsored by Baum, Charlie (Republican), Bricken, Rush (Republican), and Powers, Dennis (Republican).
What is the current status of HB 0691?
This bill has been enacted into law. Introduced February 03, 2025. Enacted.
Where can I track HB 0691?
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Last checked for changes 3 months ago · updated continuously

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