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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 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

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.

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

NameRolePartyChamberDistrict
ReevesPrimary sponsorNot applicable (committee)——

“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. Assigned to General Subcommittee of Senate Finance, Ways, and Means Committee
  2. Placed on Senate Finance, Ways, and Means Committee calendar for 4/21/2026
  3. Placed on Senate Finance, Ways, and Means Committee calendar for 4/20/2026
  4. Placed on Senate Finance, Ways, and Means Committee calendar for 4/21/2026
  5. Action deferred in Senate Finance, Ways, and Means Committee to 1/13/2026
  6. Placed on Senate Finance, Ways, and Means Committee calendar for 4/21/2025
  7. Rule #83(8) Suspended, to be heard in Senate Finance, Ways & Means Committee on 4/15/2025
  8. Placed on Senate Finance, Ways, and Means Committee calendar for 4/15/2025
  9. Refer to Senate Finance, Ways & Means Committee w/ negative recommendation, as amended
  10. Action deferred in Senate FW&M Revenue Subcommittee to 3/18/2025
  11. Placed on Senate FW&M Revenue Subcommittee calendar for 3/18/2025
  12. Placed on Senate FW&M Revenue Subcommittee calendar for 3/11/2025

Showing 12 most recent of 16 actions. Full history

Sources

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