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

HB 988: Cooperatives - As enacted, specifies that the privilege tax exemption for subsidiaries of agricultural cooperatives applies without regard to whether the subsidiary was formed as a corporation, limited liability company, limited liability partnership, or other legal entity, association, or body vested with the power or function of a legal entity. - Amends TCA Title 43, Chapter 16, Part 1 and Section 67-4-102.

In committee Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

HB 988 is a bill introduced in the Tennessee House on February 5, 2025. According to its official title, it concerns: Cooperatives - As enacted, specifies that the privilege tax exemption for subsidiaries of agricultural cooperatives applies without regard to whether the subsidiary was formed as a corporation, limited liability company, limited liability partnership, or other legal entity, association, or body vested with the power or function of a legal entity. - Amends TCA Title 43, Chapter 16, Part 1 and Section 67-4-102. Primary sponsor: Pat Marsh (Republican). Most recent recorded action (May 15, 2025): Comp. became Pub. Ch. 455.

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

NameRolePartyChamberDistrict
Pat MarshPrimary sponsorRepublicanHouse62

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. Comp. became Pub. Ch. 455
  2. Sponsor(s) Added.
  3. Comp. SB subst.
  4. Rec. for pass by s/c ref. to Finance, Ways, and Means Committee
  5. Rec. for pass; ref to Calendar & Rules Committee
  6. Placed on cal. Calendar & Rules Committee for 4/17/2025
  7. H. Placed on Regular Calendar for 4/21/2025
  8. Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/17/2025
  9. Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/14/2025
  10. Placed behind the budget
  11. Placed on s/c cal Finance, Ways, and Means Subcommittee for 3/5/2025
  12. Assigned to s/c Finance, Ways, and Means Subcommittee

Showing 12 most recent of 15 actions. Full history

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source