---
type: "Bill"
title: "Taxes - As enacted, establishes a method of apportionment that may be elected by financial asset management companies for franchise and excise tax purposes. - Amends TCA Title 67, Chapter 4, Part 20 and Title 67, Chapter 4, Part 21."
description: "Taxes - As enacted, establishes a method of apportionment that may be elected by financial asset management companies for franchise and excise tax purposes. - Amends TCA Title 67, Chapter 4, Part 20 and Title 67, Chapter 4, Part 21."
jurisdiction: "us/states/tn"
legislature: "Tennessee General Assembly"
session: "110"
identifier: "SB 2256"
citation: "Tennessee SB 2256 (110)"
classification: ["bill"]
subjects: ["Taxes"]
status: "enacted"
primary_sponsors: ["Hawk", "Norris"]
version_count: 1
action_count: 47
vote_count: 3
first_action: "2018-01-30"
last_action: "2018-04-11"
source: "openstates"
source_identifier: "ocd-bill/c98e5c16-a3c4-4bfc-9851-1b7f677b2c4b"
source_url: "http://wapp.capitol.tn.gov/apps/BillInfo/default.aspx?BillNumber=SB2256&GA=110"
source_hash: "1644ab0d6892d103809aa4e12b7c18a5cf405fa80371a4296df08fba70f527d4"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-tn"]
---

# Tennessee SB 2256 (110) — Taxes - As enacted, establishes a method of apportionment that may be elected by financial asset management companies for franchise and excise tax purposes. - Amends TCA Title 67, Chapter 4, Part 20 and Title 67, Chapter 4, Part 21.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Current Version** (committee substitute) — [source](http://www.capitol.tn.gov/Bills/110/Bill/SB2256.pdf)

## Votes

- FLOOR VOTE: as Amended Third Consideration 3/5/2018 PASSED (1) — **28–0** (fail) · upper
- SENATE FINANCE, WAYS, AND MEANS COMMITTEE: Recommended for passage with amendment/s, refer to Senate Calendar Committee Ayes 11, Nays 0 PNV 0 2/27/2018 Passed — **11–0** (pass) · upper
- FLOOR VOTE: PASSAGE ON THIRD CONSIDERATION 3/22/2018 PASSED (1) — **94–0** (fail) · lower

## Sponsors

- Hawk — primary (person)
- Norris — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2018-01-30** Filed for intro. `introduction, reading-1`
- **2018-01-31** Filed for introduction `introduction, reading-1`
- **2018-01-31** Intro., P1C. `introduction`
- **2018-02-01** Introduced, Passed on First Consideration `introduction`
- **2018-02-01** P2C, ref. to Finance, Ways & Means Committee `referral-committee`
- **2018-02-05** Passed on Second Consideration, refer to Senate Finance, Ways, and Means Committee
- **2018-02-05** Assigned to s/c Finance, Ways & Means Subcommittee `referral-committee`
- **2018-02-07** Sponsor(s) Added.
- **2018-02-13** Refer to Senate F,W&M Revenue Subcommittee
- **2018-02-14** Placed on Senate FW&M Revenue Subcommittee calendar for 2/20/2018
- **2018-02-15** Sponsor(s) Added.
- **2018-02-20** Refer to Senate Finance, Ways & Means Committee w/ recommendation, as amended `committee-passage-favorable`
- **2018-02-21** Placed on Senate Finance, Ways, and Means Committee calendar for 2/27/2018
- **2018-02-21** Placed on s/c cal Finance, Ways & Means Subcommittee for 2/28/2018
- **2018-02-27** Recommended for passage with amendment/s, refer to Senate Calendar Committee Ayes 11, Nays 0 PNV 0
- **2018-02-28** Placed on s/c cal Finance, Ways & Means Subcommittee for 3/7/2018
- **2018-02-28** Action Def. in s/c Finance, Ways & Means Subcommittee to 3/7/2018
- **2018-03-01** Sponsor(s) Added.
- **2018-03-02** Placed on Senate Regular Calendar calendar for 3/5/2018
- **2018-03-05** Passed Senate as amended, Ayes 28, Nays 0 `passage`
- **2018-03-05** Senate adopted Amendment (Amendment 1 - SA0638)
- **2018-03-05** Sponsor(s) Added.
- **2018-03-06** Engrossed; ready for transmission to House
- **2018-03-06** Sponsor(s) Added.
- **2018-03-07** Placed on cal. Finance, Ways & Means Committee for 3/13/2018
- **2018-03-07** Rec for pass if am by s/c ref. to Finance, Ways & Means Committee `referral-committee`
- **2018-03-08** Rcvd. from S., held on H. desk.
- **2018-03-12** Sponsor(s) Added.
- **2018-03-13** Rec. for pass. if am., ref. to Calendar & Rules Committee `committee-passage-favorable`
- **2018-03-14** Placed on cal. Calendar & Rules Committee for 3/15/2018
- **2018-03-15** H. Placed on Regular Calendar for 3/22/2018
- **2018-03-19** Sponsor(s) Added.
- **2018-03-20** Sponsor(s) Added.
- **2018-03-21** Sponsor(s) Added.
- **2018-03-22** Enrolled and ready for signatures
- **2018-03-22** Passed H., Ayes 94, Nays 0, PNV 0 `passage`
- **2018-03-22** Am. withdrawn. (Amendment 1 - HA0834) `amendment-withdrawal`
- **2018-03-22** Subst. for comp. HB.
- **2018-03-22** Sponsor(s) Added.
- **2018-03-22** Comp. SB subst.
- **2018-03-28** Signed by Senate Speaker
- **2018-03-29** Signed by H. Speaker
- **2018-04-02** Transmitted to Governor for action.
- **2018-04-09** Signed by Governor. `executive-signature`
- **2018-04-11** Pub. Ch. 656
- **2018-04-11** Effective date(s) 04/09/2018
- **2018-04-11** Comp. became Pub. Ch. 656

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/c98e5c16-a3c4-4bfc-9851-1b7f677b2c4b`. Confidence: reported (aggregated from official Tennessee legislature records).