Taxes - As introduced, exempts from franchise and excise taxes, a community development entity or sub-community development entity that is certified by the United States department of the treasury's community development financial institutions fund, and that has received an allocation of the federal new markets tax credits or federal sub-new markets tax credits from a community development entity that are used to fund a qualified low-income community investment in a Tennessee facility or operations of a business or nonprofit entity where the qualified low-income community investment expands the Tennessee-based operations of the business or nonprofit entity. - Amends TCA Title 67, Chapter 4, Part 20 and Title 67, Chapter 4, Part 21.
Passed first chamber: it can still change before the session ends.
- Stage
- Passed first chamber
- Started in
- Senate
- Sponsor
- 1
- Latest action
- Apr 19, 2024
Where it stands
Introduced (Done)
Committee (Done)
Floor (Current step)
Law (Not started)
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Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
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Where it goes next
While a bill can still move, the questions are about people and money in Tennessee.