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

SB 430: Taxes - As introduced, urges the department of revenue to study the potential economic impact of making all franchise and excise tax credits transferable to any person or entity other than the entity to whom or to which the credits are initially made available pursuant to the statute creating the credit; requires the department to report to the finance, ways and means committee of the senate and the committee in the house of representatives having jurisdiction over tax-related matters on or before January 1, 2026 if such study is conducted. - Amends TCA Title 67, Chapter 4, Part 20 and Title 67, Chapter 4, Part 21.

In committee Last action April 20, 2026: Assigned to General Subcommittee of Senate Finance, Ways, and Means Committee

Plain-language summary

SB 430 is a bill introduced in the Tennessee Senate on January 28, 2025. According to its official title, it concerns: Taxes - As introduced, urges the department of revenue to study the potential economic impact of making all franchise and excise tax credits transferable to any person or entity other than the entity to whom or to which the credits are initially made available pursuant to the statute creating the credit; requires the department to report to the finance, ways and means committee of the senate and the committee in the house of representatives having jurisdiction over tax-related matters on or before January 1, 2026 if such study is conducted. - Amends TCA Title 67, Chapter 4, Part 20 and Title 67, Chapter 4, Part 21. Primary sponsor: Reeves. Most recent recorded action (April 20, 2026): Assigned to General Subcommittee of Senate Finance, Ways, and Means Committee.

Sponsors

Primary sponsor: Reeves.