House Bill 1880 amends Tennessee Code Annotated, specifically Section 67-4-1702(3), by adding a provision that specifies the criteria for certain practitioners regarding privilege taxes. The new language states that the provision applies to individuals "who have practiced for twenty (20) years or less." This addition aims to clarify the eligibility for tax considerations based on the length of practice.

The bill is set to take effect upon becoming law, with its provisions applying to privilege taxes that are due and payable after May 31, 2027. This timeline allows for a transition period for those affected by the changes in tax obligations.

Statutes affected:
Introduced: 67-4-1702(3), 67-4-1702