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 Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
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.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Sponsors
Sponsors by party (alphabetical): Republican 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Charlie Baum | Primary sponsor | Republican | House | 37 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Pub. Ch. 496
- Effective date(s) 01/01/2026
- Signed by Governor.
- Transmitted to Governor for his action.
- Signed by Senate Speaker
- Signed by H. Speaker
- Enrolled; ready for sig. of H. Speaker.
- Received from House, Passed on First Consideration
- Senate substituted House Bill for companion Senate Bill.
- Amendment withdrawn. (Amendment 1 - SA0448)
- Passed Senate, Ayes 33, Nays 0
- H. adopted am. (Amendment 1 - HA0502)
Showing 12 most recent of 27 actions. Full history