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

HB 0477 — AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 4, Part 20, relative to the deduction for bonus depreciation for excise tax purposes.

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

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  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 06, 2025. It now moves to the second chamber.

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

Prognosis

Stalled 28% · moderate confidence

Where this bill stands today.

Odds of enactment

Moderate

How often bills like it became law.

  • 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).

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 - As introduced, allows a taxpayer to annually elect to take a bonus depreciation deduction of 40 percent of the cost of assets purchased on or after January 1, 2026, during the tax year in which the assets were purchased when calculating net earnings or net losses for excise tax purposes; allows the taxpayer to take the federal depreciation percentage if it exceeds 40 percent. - Amends TCA Title 67, Chapter 4, Part 20.

Bill Text

Action History

  1. Assigned to General Subcommittee of Senate Finance, Ways & Means Committee

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

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

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

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

  6. Action deferred in Senate Finance, Ways & Means Committee / Behind the Budget

  7. Placed behind the budget

  8. Action deferred in Senate Finance, Ways, and Means Committee to 4/1/2025

  9. Action Def. in s/c Finance, Ways, and Means Subcommittee to 3/19/2025

  10. Placed on s/c cal Finance, Ways, and Means Subcommittee for 3/19/2025

  11. Action deferred in Senate Finance, Ways, and Means Committee to 3/18/2025

  12. Placed on Senate Finance, Ways, and Means Committee calendar for 3/18/2025

  13. Placed on s/c cal Finance, Ways, and Means Subcommittee for 3/12/2025

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

  15. Placed on Senate Finance, Ways, and Means Committee calendar for 3/11/2025

  16. Placed on Senate FW&M Revenue Subcommittee calendar for 3/4/2025

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

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

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

  20. Intro., P1C.

  21. Filed for introduction

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

  23. Introduced, Passed on First Consideration

  24. Filed for introduction

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
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 0477 do?
Taxes - As introduced, allows a taxpayer to annually elect to take a bonus depreciation deduction of 40 percent of the cost of assets purchased on or after January 1, 2026, during the tax year in which the assets were purchased when calculating net earnings or net losses for excise tax purposes; allows the taxpayer to take the federal depreciation percentage if it exceeds 40 percent. - Amends TCA Title 67, Chapter 4, Part 20.
Who sponsors HB 0477?
HB 0477 is sponsored by Vaughan, Kevin (Republican).
What is the current status of HB 0477?
This bill has passed the House. Introduced January 06, 2025. It now moves to the second chamber.
Where can I track HB 0477?
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Last checked for changes 4 months ago · updated continuously

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