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HB 691
  • Introduced
    Feb 03, 2025
  • Passed House
    Apr 21, 2025
  • Passed Senate
    Apr 22, 2025
  • Signed into Law
    May 21, 2025
HB 691
Tennessee House Bill
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Taxes, Exemption and Credits - As introduced, 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.
Last Action See all actions
executive • May 27, 2025: Effective date(s) 01/01/2026
Latest Bill Text See all bill texts
Amended with HA0502 -- 04/21/2025

Summary/Bill Text

Comments on HB 691

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Votes
Apr 17, 2025, House
HOUSE FINANCE, WAYS, AND MEANS COMMITTEE: Rec. for pass; ref to Calendar & Rules Committee 4/17/2025 Passed (4)
YES: 27
NO: 0
OTHER: 0
YES: 27

NO: 0

    OTHER: 0
    Sources
    Apr 17, 2025, House
    HOUSE FINANCE, WAYS, AND MEANS SUBCOMMITTEE: Rec. for pass by s/c ref. to Finance, Ways, and Means Committee 4/17/2025 Passed (5)
    YES: 11
    NO: 0
    OTHER: 0
    YES: 11

    NO: 0

      OTHER: 0
      Sources
      Apr 17, 2025, House
      HOUSE FINANCE, WAYS, AND MEANS COMMITTEE: Rec. for pass. if am., ref. to Calendar & Rules Committee 4/17/2025 Passed (3)
      YES: 28
      NO: 0
      OTHER: 0
      YES: 28

      NO: 0

        OTHER: 0
        Sources
        Apr 21, 2025, Senate
        SENATE FINANCE, WAYS AND MEANS COMMITTEE: Recommended for passage with amendment/s, refer to Senate Calendar Committee Ayes 11, Nays 0 PNV 0 4/21/2025 Passed (2)
        YES: 11
        NO: 0
        OTHER: 0
        YES: 11

        NO: 0

          OTHER: 0
          Sources
          Apr 21, 2025, House
          HOUSE CALENDAR & RULES COMMITTEE: H. Placed on Regular Calendar for 4/21/2025 4/17/2025 (2)
          YES: 0
          NO: 0
          OTHER: 0
          YES: 0

            NO: 0

              OTHER: 0
              Sources
              Apr 21, 2025, House
              FLOOR VOTE: REGULAR CALENDAR AS AMENDED PASSAGE ON THIRD CONSIDERATION 4/21/2025 Passed (1)
              YES: 92
              NO: 0
              OTHER: 0
              YES: 92

              NO: 0

                OTHER: 0
                Sources
                Apr 22, 2025, Senate
                FLOOR VOTE: Third Consideration 4/22/2025 Passed (1)
                YES: 33
                NO: 0
                OTHER: 0
                YES: 33

                NO: 0

                  OTHER: 0
                  Sources
                  Actions
                  • May 27, 2025 | executive
                    • Pub. Ch. 496
                    • Effective date(s) 01/01/2026
                  • May 21, 2025 | executive
                    • Signed by Governor.
                  • May 09, 2025 | House
                    • Transmitted to Governor for his action.
                  • May 08, 2025 | Senate
                    • Signed by Senate Speaker
                  • Apr 30, 2025 | House
                    • Signed by H. Speaker
                  • Apr 28, 2025 | House
                    • Enrolled; ready for sig. of H. Speaker.
                  • Apr 22, 2025 | Senate
                    • Received from House, Passed on First Consideration
                    • Senate substituted House Bill for companion Senate Bill.
                    • Amendment withdrawn. (Amendment 1 - SA0448)
                    • Passed Senate, Ayes 33, Nays 0
                  • Apr 21, 2025 | House
                    • H. adopted am. (Amendment 1 - HA0502)
                    • Passed H., as am., Ayes 92, Nays 0, PNV 0
                    • Engrossed; ready for transmission to Sen.
                  • Apr 17, 2025 | House
                    • Rec. for pass by s/c ref. to Finance, Ways, and Means Committee
                    • Rec. for pass. if am., ref. to Calendar & Rules Committee
                    • Placed on cal. Calendar & Rules Committee for 4/17/2025
                    • H. Placed on Regular Calendar for 4/21/2025
                  • Apr 16, 2025 | House
                    • Sponsor(s) Added.
                    • Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/17/2025
                  • Apr 09, 2025 | House
                    • Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/14/2025
                  • Feb 26, 2025 | House
                    • Placed behind the budget
                  • Feb 19, 2025 | House
                    • Placed on s/c cal Finance, Ways, and Means Subcommittee for 2/26/2025
                  • Feb 10, 2025 | House
                    • Assigned to s/c Finance, Ways, and Means Subcommittee
                  • Feb 06, 2025 | House
                    • P2C, ref. to Finance, Ways, and Means Committee
                  • Feb 05, 2025 | House
                    • Intro., P1C.
                  • Feb 03, 2025 | House
                    • Filed for introduction
                  Bill Texts
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