Taxes, Exemption and Credits - As enacted, revises law relative to a financial institution applying for a credit against the sum total of the taxes imposed by the Franchise Tax law and by the Excise Tax law. - Amends TCA Title 67.

Summary

The bill directs Tennessee’s Department of Revenue to examine the economic impact of allowing excise tax credits to be transferred to parties other than the original recipient. By Dec. 15, 2026, the department must submit its findings and recommendations to the Senate Finance, Ways and Means Committee and the corresponding House tax committee. The measure takes effect immediately upon enactment.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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