Tennessee · 114th Regular Session (2025-2026) · Bill

HB 1494: Taxes, Exemption and Credits - As introduced, during a five-year period, authorizes excise and franchise tax credit for businesses that make monetary contributions to eligible charitable organizations approved by the governor's office of faith-based and community initiatives. - Amends TCA Title 4; Title 56 and Title 67, Chapter 4.

In committee Last action March 2, 2026: Rec. for pass; ref to Finance, Ways, and Means Committee with a negative recommendation

Plain-language summary

HB 1494 is a bill introduced in the Tennessee House on January 9, 2026. According to its official title, it concerns: Taxes, Exemption and Credits - As introduced, during a five-year period, authorizes excise and franchise tax credit for businesses that make monetary contributions to eligible charitable organizations approved by the governor's office of faith-based and community initiatives. - Amends TCA Title 4; Title 56 and Title 67, Chapter 4. Primary sponsor: William Slater (Republican). Most recent recorded action (March 2, 2026): Rec. for pass; ref to Finance, Ways, and Means Committee with a negative recommendation.

Sponsors

Primary sponsor: William Slater (Republican).