Tennessee bills · 114th Regular Session (2025-2026)
Tennessee HB 477
Taxes - As introduced, allows a taxpayer to annually elect to take a bonus depreciation deduction of 40 percent of the cost of assets purchased on or after January 1, 2026, during the tax year in which the assets were purchased when calculating net earnings or net losses for excise tax purposes; allows the taxpayer to take the federal depreciation percentage if it exceeds 40 percent. - Amends TCA Title 67, Chapter 4, Part 20.
- Introduced
- In committee
- Passed House
- Passed Senate
- To Governor
- Became law
Sponsors
- Vaughan (Republican)
Summary
No official summary is available for this bill.
Latest action(Apr 9, 2025): Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/14/2025
Text versions
Roll-call votes
No recorded votes on this bill.
Actions
- Apr 9, 2025 · House
Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/14/2025 - Mar 19, 2025 · House
Placed behind the budget - Mar 12, 2025 · House
Action Def. in s/c Finance, Ways, and Means Subcommittee to 3/19/2025 - Mar 12, 2025 · House
Placed on s/c cal Finance, Ways, and Means Subcommittee for 3/19/2025 - Mar 5, 2025 · House
Placed on s/c cal Finance, Ways, and Means Subcommittee for 3/12/2025 - Feb 5, 2025 · House
P2C, ref. to Finance, Ways, and Means Committee - Feb 5, 2025 · House
Assigned to s/c Finance, Ways, and Means Subcommittee - Feb 3, 2025 · House
Intro., P1C. - Jan 28, 2025 · House
Filed for introduction