Fabio
89 lines
5.5 KiB
Markdown
89 lines
5.5 KiB
Markdown
---
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type: "Bill"
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title: "Taxes, Exemption and Credits - As enacted, changes the amounts of the franchise and excise tax credits allowed to financial institutions from certain percentages of the unpaid principal balance of certain qualified loans made to eligible housing entities to certain percentages of the month-end average unpaid principal balance of such loans; makes other related revisions. - Amends TCA Section 67-4-2109."
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description: "Taxes, Exemption and Credits - As enacted, changes the amounts of the franchise and excise tax credits allowed to financial institutions from certain percentages of the unpaid principal balance of certain qualified loans made to eligible housing entities to certain percentages of the month-end average unpaid principal balance of such loans; makes other related revisions. - Amends TCA Section 67-4-2109."
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jurisdiction: "us/states/tn"
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legislature: "Tennessee General Assembly"
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session: "114"
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identifier: "HB 691"
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citation: "Tennessee HB 691 (114)"
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classification: ["bill"]
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subjects: ["Exemption and Credits", "Taxes"]
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status: "enacted"
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primary_sponsors: ["Baum"]
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version_count: 3
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action_count: 27
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vote_count: 6
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first_action: "2025-02-03"
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last_action: "2025-05-27"
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source: "openstates"
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source_identifier: "ocd-bill/a1263001-e808-4f03-a002-833f893c0dee"
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source_url: "https://wapp.capitol.tn.gov/apps/BillInfo/Default?BillNumber=HB0691&ga=114"
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source_hash: "4625e2c6905390a37454ffe0069e339434545dfdbdaf30ab4bd00dc0924ed1df"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-tn"]
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---
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# Tennessee HB 691 (114) — Taxes, Exemption and Credits - As enacted, changes the amounts of the franchise and excise tax credits allowed to financial institutions from certain percentages of the unpaid principal balance of certain qualified loans made to eligible housing entities to certain percentages of the month-end average unpaid principal balance of such loans; makes other related revisions. - Amends TCA Section 67-4-2109.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Amendment HA0502** (committee substitute) — [source](https://capitol.tn.gov/Bills/114/Amend/HA0502.pdf)
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2. **Amendment SA0448** (committee substitute) — [source](https://capitol.tn.gov/Bills/114/Amend/SA0448.pdf)
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3. **Current Version** (committee substitute) — [source](https://capitol.tn.gov/Bills/114/Bill/HB0691.pdf)
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## Votes
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- FLOOR VOTE: REGULAR CALENDAR AS AMENDED PASSAGE ON THIRD CONSIDERATION 4/21/2025 Passed (1) — **92–0** (pass) · lower
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- HOUSE FINANCE, WAYS, AND MEANS SUBCOMMITTEE: Rec. for pass by s/c ref. to Finance, Ways, and Means Committee 4/17/2025 Passed (5) — **11–0** (pass) · lower
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- HOUSE FINANCE, WAYS, AND MEANS COMMITTEE: Rec. for pass; ref to Calendar & Rules Committee 4/17/2025 Passed (4) — **27–0** (pass) · lower
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- HOUSE CALENDAR & RULES COMMITTEE: H. Placed on Regular Calendar for 4/21/2025 4/17/2025 (2) — **0–0** (fail) · lower
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- FLOOR VOTE: Third Consideration 4/22/2025 Passed (1) — **33–0** (pass) · upper
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- HOUSE FINANCE, WAYS, AND MEANS COMMITTEE: Rec. for pass. if am., ref. to Calendar & Rules Committee 4/17/2025 Passed (3) — **28–0** (pass) · lower
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## Sponsors
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- Baum — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2025-02-03** Filed for introduction `filing`
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- **2025-02-05** Intro., P1C. `introduction`
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- **2025-02-06** P2C, ref. to Finance, Ways, and Means Committee `referral-committee`
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- **2025-02-10** Assigned to s/c Finance, Ways, and Means Subcommittee `referral-committee`
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- **2025-02-19** Placed on s/c cal Finance, Ways, and Means Subcommittee for 2/26/2025
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- **2025-02-26** Placed behind the budget
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- **2025-04-09** Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/14/2025
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- **2025-04-16** Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/17/2025
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- **2025-04-16** Sponsor(s) Added. `sponsorship`
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- **2025-04-17** H. Placed on Regular Calendar for 4/21/2025
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- **2025-04-17** Placed on cal. Calendar & Rules Committee for 4/17/2025
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- **2025-04-17** Rec. for pass. if am., ref. to Calendar & Rules Committee `committee-passage-favorable`
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- **2025-04-17** Rec. for pass by s/c ref. to Finance, Ways, and Means Committee `committee-passage-favorable`
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- **2025-04-21** Engrossed; ready for transmission to Sen. `receipt`
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- **2025-04-21** Passed H., as am., Ayes 92, Nays 0, PNV 0 `passage`
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- **2025-04-21** H. adopted am. (Amendment 1 - HA0502) `amendment-passage`
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- **2025-04-22** Passed Senate, Ayes 33, Nays 0 `passage`
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- **2025-04-22** Amendment withdrawn. (Amendment 1 - SA0448)
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- **2025-04-22** Senate substituted House Bill for companion Senate Bill. `substitution`
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- **2025-04-22** Received from House, Passed on First Consideration `introduction`
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- **2025-04-28** Enrolled; ready for sig. of H. Speaker. `enrolled`
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- **2025-04-30** Signed by H. Speaker `passage`
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- **2025-05-08** Signed by Senate Speaker `passage`
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- **2025-05-09** Transmitted to Governor for his action. `executive-receipt`
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- **2025-05-21** Signed by Governor. `executive-signature`
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- **2025-05-27** Effective date(s) 01/01/2026
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- **2025-05-27** Pub. Ch. 496
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/a1263001-e808-4f03-a002-833f893c0dee`. Confidence: reported (aggregated from official Tennessee legislature records).
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