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Legislative record

HB 477STATE · TennesseeIn Committee

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.

Latest action: Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/14/2025

Voted 4/9/2025

Roll-call record

How representatives voted

0 yea·0 nay

No roll-call votes recorded for this bill yet.

Docket history

Action history

  1. 4/9/2025Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/14/2025
  2. 3/19/2025Placed behind the budget
  3. 3/12/2025Placed on s/c cal Finance, Ways, and Means Subcommittee for 3/19/2025
  4. 3/12/2025Action Def. in s/c Finance, Ways, and Means Subcommittee to 3/19/2025
  5. 3/5/2025Placed on s/c cal Finance, Ways, and Means Subcommittee for 3/12/2025
  6. 2/5/2025Assigned to s/c Finance, Ways, and Means Subcommittee
  7. 2/5/2025P2C, ref. to Finance, Ways, and Means Committee
  8. 2/3/2025Intro., P1C.
  9. 1/28/2025Filed for introduction