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

SB 784: 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.

In committee Last action May 27, 2025: Comp. became Pub. Ch. 496

Plain-language summary

SB 784 is a bill introduced in the Tennessee Senate on February 4, 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: Page Walley (Republican). Most recent recorded action (May 27, 2025): Comp. became Pub. Ch. 496.

Sponsors

Primary sponsor: Page Walley (Republican).