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

HB 691: Taxes, Exemption and Credits - As enacted, changes the amounts of the franchise and excise tax credits allowed to financial institutions from certain percentages of the unpaid principal balance of certain qualified loans made to eligible housing entities to certain percentages of the month-end average unpaid principal balance of such loans; makes other related revisions. - Amends TCA Section 67-4-2109.

Enacted Last action May 27, 2025: Pub. Ch. 496

Plain-language summary

HB 691 is a bill introduced in the Tennessee House on February 3, 2025. According to its official title, it concerns: Taxes, Exemption and Credits - As enacted, changes the amounts of the franchise and excise tax credits allowed to financial institutions from certain percentages of the unpaid principal balance of certain qualified loans made to eligible housing entities to certain percentages of the month-end average unpaid principal balance of such loans; makes other related revisions. - Amends TCA Section 67-4-2109. Primary sponsor: Charlie Baum (Republican). Most recent recorded action (May 27, 2025): Pub. Ch. 496.

Sponsors

Primary sponsor: Charlie Baum (Republican).