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.

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.

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