SB 1002 — AN ACT to amend Tennessee Code Annotated, Title 43, Chapter 16, Part 1 and Section 67-4-102, relative to subsidiaries of agricultural cooperative associations.
Last action — Effective date(s) 05/09/2025
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✓Introduced
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✓In Committee
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✓Passed Senate
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✓Passed House
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✓To Executive
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6Enacted
This bill has been enacted into law. Introduced February 05, 2025. Enacted.
Signed by Governor Bill Lee (Republican) on April 29, 2025.
Odds of enactment
High chanceBased on the sponsor, cosponsors, and committee posture, this bill has a high 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
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Enacted
Current position in the legislative process.
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4 sponsors
1 primary, 3 co-sponsors signed on.
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Single-party support
Sponsorship is currently within one party (4 R).
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Cleared a recorded vote
Passed 2 recorded votes so far.
Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.
Summary
Cooperatives - As enacted, specifies that the privilege tax exemption for subsidiaries of agricultural cooperatives applies without regard to whether the subsidiary was formed as a corporation, limited liability company, limited liability partnership, or other legal entity, association, or body vested with the power or function of a legal entity. - Amends TCA Title 43, Chapter 16, Part 1 and Section 67-4-102.
Bill Text
- Full text View text Current pdf
Action History
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Filed for introduction
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Intro., P1C.
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P2C, ref. to Finance, Ways, and Means Committee
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Assigned to s/c Finance, Ways, and Means Subcommittee
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Placed on s/c cal Finance, Ways, and Means Subcommittee for 3/5/2025
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Placed behind the budget
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Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/14/2025
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Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/17/2025
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Rec. for pass by s/c ref. to Finance, Ways, and Means Committee
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Rec. for pass; ref to Calendar & Rules Committee
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Placed on cal. Calendar & Rules Committee for 4/17/2025
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H. Placed on Regular Calendar for 4/21/2025
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Sponsor(s) Added.
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Comp. SB subst.
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Comp. became Pub. Ch. 455
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Filed for introduction
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Introduced, Passed on First Consideration
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Passed on Second Consideration, refer to Senate Energy, Ag., and Nat. Resources Committee
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Placed on Senate Energy, Ag., and Nat. Resources Committee calendar for 2/26/2025
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Recommended for passage, refer to Senate Calendar Committee
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Recalled from Senate Calendar Committee
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Refer to Senate Finance, Ways & Means Committee
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Placed on Senate Finance, Ways, and Means Committee calendar for 3/18/2025
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Sponsor(s) Added.
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Action deferred in Senate Finance, Ways, and Means Committee to 4/1/2025
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Placed on Senate Finance, Ways, and Means Committee calendar for 4/1/2025
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Action deferred in Senate Finance, Ways, and Means Committee to 4/8/2025
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Placed on Senate Finance, Ways, and Means Committee calendar for 4/8/2025
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Recommended for passage, refer to Senate Calendar Committee
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Sponsor(s) Added.
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Placed on Senate Consent Calendar 2 for 4/14/2025
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Passed Senate, Ayes 32, Nays 0
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Engrossed; ready for transmission to House
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Sponsor(s) Added.
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Rcvd. from S., held on H. desk.
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Subst. for comp. HB.
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Passed H., Ayes 92, Nays 0, PNV 0
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Enrolled and ready for signatures
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Signed by Senate Speaker
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Signed by H. Speaker
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Transmitted to Governor for action.
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Signed by Governor.
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Pub. Ch. 455
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Effective date(s) 05/09/2025
Sponsors
- Ferrell Haile · Primary
- Steve Southerland · Cosponsor
- Ken Yager · Cosponsor
- Shane Reeves · Cosponsor
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 3 co-sponsors · 129 not signed on
Sponsors (1)
- Haile, Ferrell Republican
Co-sponsors (3)
- Southerland, Steve Republican
- Yager, Ken Republican
- Reeves, Shane Republican
Not signed on (129)
129 members have not signed on to this bill.
Show all 129 →"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.
Votes
Roll call published as PDF — view source.
Roll call published as PDF — view source.
Subjects
Frequently asked questions
- What does SB 1002 do?
- Cooperatives - As enacted, specifies that the privilege tax exemption for subsidiaries of agricultural cooperatives applies without regard to whether the subsidiary was formed as a corporation, limited liability company, limited liability partnership, or other legal entity, association, or body vested with the power or function of a legal entity. - Amends TCA Title 43, Chapter 16, Part 1 and Section 67-4-102.
- Who sponsors SB 1002?
- SB 1002 is sponsored by Haile, Ferrell (Republican), Southerland, Steve (Republican), Yager, Ken (Republican), and Reeves, Shane (Republican).
- What is the current status of SB 1002?
- This bill has been enacted into law. Introduced February 05, 2025. Enacted.
- Where can I track SB 1002?
- Track SB 1002 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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