Tennessee 114th General Assembly Status: Passed House 1 R cosponsors

HB 0424 — AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 4, Part 20 and Title 67, Chapter 4, Part 21, relative to credits against franchise and excise tax liability.

Last action — Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/14/2025

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

This bill has passed the House. Introduced January 28, 2025. It now moves to the second chamber.

Next likely step: consideration and a floor vote in the Senate.

Odds of enactment

Moderate chance

Based on the sponsor, cosponsors, and committee posture, this bill has a moderate chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Stalled 28% · moderate confidence

  • Passed House

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (1 R).

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Summary

Taxes - As introduced, urges the department of revenue to study the potential economic impact of making all franchise and excise tax credits transferable to any person or entity other than the entity to whom or to which the credits are initially made available pursuant to the statute creating the credit; requires the department to report to the finance, ways and means committee of the senate and the committee in the house of representatives having jurisdiction over tax-related matters on or before January 1, 2026 if such study is conducted. - Amends TCA Title 67, Chapter 4, Part 20 and Title 67, Chapter 4, Part 21.

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. Action deferred in Senate FW&M Revenue Subcommittee to 3/18/2025

  7. Placed on Senate FW&M Revenue Subcommittee calendar for 3/18/2025

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

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

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

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

  12. Action deferred in Senate Finance, Ways, and Means Committee to 1/13/2026

  13. Placed on Senate Finance, Ways, and Means Committee calendar for 4/21/2026

  14. Placed on Senate Finance, Ways, and Means Committee calendar for 4/20/2026

  15. Assigned to General Subcommittee of Senate Finance, Ways, and Means Committee

  16. Placed on Senate Finance, Ways, and Means Committee calendar for 4/21/2026

  17. Filed for introduction

  18. Intro., P1C.

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

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

  21. Placed on s/c cal Finance, Ways, and Means Subcommittee for 3/5/2025

  22. Placed behind the budget

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

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 132 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (132)

132 members have not signed on to this bill.

Show all 132 →

"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

Subjects

taxation finance
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 0424 do?
Taxes - As introduced, urges the department of revenue to study the potential economic impact of making all franchise and excise tax credits transferable to any person or entity other than the entity to whom or to which the credits are initially made available pursuant to the statute creating the credit; requires the department to report to the finance, ways and means committee of the senate and the committee in the house of representatives having jurisdiction over tax-related matters on or before January 1, 2026 if such study is conducted. - Amends TCA Title 67, Chapter 4, Part 20 and Title 67, Chapter 4, Part 21.
Who sponsors HB 0424?
HB 0424 is sponsored by Baum, Charlie (Republican).
What is the current status of HB 0424?
This bill has passed the House. Introduced January 28, 2025. It now moves to the second chamber.
Where can I track HB 0424?
Track HB 0424 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 3 months ago · updated continuously

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