House Bill 1880 amends Tennessee Code Annotated, specifically Section 67-4-1702(3), by adding a provision that specifies the criteria for certain practitioners eligible for a privilege tax exemption. The new language states that this exemption applies to individuals who have practiced for twenty (20) years or less.

The bill is set to take effect upon becoming law, with the stipulation that it will apply to privilege taxes that are due and payable after May 31, 2027. This change aims to provide tax relief for newer practitioners in the state.

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