SENATE BILL 2524
By Hensley HOUSE BILL 2776
By Todd AN ACT to amend Tennessee Code Annotated, Title 67,
Chapter 4, Part 17, relative to the privilege tax imposed on persons engaged in certain occupations.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. Tennessee Code Annotated, Section 67-4-1703(a), is amended by
deleting the subsection and substituting instead the following:
(1) For purposes of this part, the tax year begins on June 1 of each year and ends on May 31 of the following year. The privilege tax established by this part is due and payable on June 1 of each tax year. Taxes paid after June 1 are delinquent.
(2) The privilege tax imposed by this part is:
For any tax year ending on or before May 31, 2023 $400
For any tax year ending on or after May 31, 2024 $0
SECTION 2. Tennessee Code Annotated, Section 67-4-1703(b), is amended by
deleting the language "in the amount of four hundred dollars ($400)" and substituting instead the language "in the amount set by subsection (a)".
SECTION 3. Tennessee Code Annotated, Title 67, Chapter 4, Part 17, is amended by
adding the following as a new section:
(a) This part does not apply to a person who engages in a vocation, profession,
business, or occupation listed in § 67-4-1702 on or after June 1, 2023.
(b) This section does not absolve a taxpayer of liability for a tax duly levied by
this part during any tax year ending before June 1, 2023.
HB2776
011347
-1-
 SECTION 4. Tennessee Code Annotated, Section 67-4-1708, is amended by deleting subsection (b).
SECTION 5. This act takes effect upon becoming a law, the public welfare requiring it,
and applies to privilege taxes due and payable after May 31, 2023.
-2- 011347


Statutes affected:
Current Version: 67-4-1703(a), 67-4-1703, 67-4-1703(b), 67-4-1708