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

SB 907: Taxes, Business - As introduced, exempts from business tax, receipts from the sale of a prescription drug or medicine with a cost for a 30-day equivalent supply that exceeds the medicare cost threshold for 2025 plan years and services necessary for proper preparation, storage, handling, administration, patient education, or post-sale monitoring of such exempted drugs or medicines. - Amends TCA Title 67, Chapter 4, Part 7.

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 907 is a bill introduced in the Tennessee Senate on February 5, 2025. According to its official title, it concerns: Taxes, Business - As introduced, exempts from business tax, receipts from the sale of a prescription drug or medicine with a cost for a 30-day equivalent supply that exceeds the medicare cost threshold for 2025 plan years and services necessary for proper preparation, storage, handling, administration, patient education, or post-sale monitoring of such exempted drugs or medicines. - Amends TCA Title 67, Chapter 4, Part 7. Primary sponsor: Ferrell Haile (Republican). Most recent recorded action (April 20, 2026): Placed on Senate Finance, Ways, and Means Committee calendar for 4/21/2026.

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
Ferrell HailePrimary sponsorRepublicanSenate18

“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. Placed on Senate Finance, Ways, and Means Committee calendar for 4/21/2026
  2. Placed on Senate Finance, Ways, and Means Committee calendar for 4/20/2026
  3. Placed on Senate Finance, Ways, and Means Committee calendar for 4/21/2026
  4. Placed on Senate Finance, Ways, and Means Committee calendar for 4/21/2025
  5. Rule #83(8) Suspended, to be heard in Senate Finance, Ways & Means Committee on 4/15/2025
  6. Placed on Senate Finance, Ways, and Means Committee calendar for 4/15/2025
  7. Refer to Senate Finance, Ways & Means Committee w/ negaitve recommendation
  8. Placed on Senate FW&M Revenue Subcommittee calendar for 3/4/2025
  9. Refer to Senate F,W&M Revenue Subcommittee
  10. Passed on Second Consideration, refer to Senate Finance, Ways, and Means Committee
  11. Introduced, Passed on First Consideration
  12. Filed for introduction

Sources

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