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

SB 1596: 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 17, 2026: Assigned to General Subcommittee of Senate FW&M Revenue Subcommittee

Plain-language summary

SB 1596 is a bill introduced in the Tennessee Senate on January 12, 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: Ferrell Haile (Republican). Most recent recorded action (March 17, 2026): Assigned to General Subcommittee of Senate FW&M Revenue Subcommittee.

Sponsors

Primary sponsor: Ferrell Haile (Republican).