Bill Search

HB 477
  • Introduced
    Jan 28, 2025
  • Passed House
  • Passed Senate
  • Signed into Law
HB 477
Tennessee House Bill
Did you know we offer free bill tracking in Congress and 50 states, and a great mobile app? Sign up here
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.
Last Action See all actions
House • Feb 05, 2025: Assigned to s/c Finance, Ways, and Means Subcommittee
Latest Bill Text See all bill texts
Introduced

Summary/Bill Text

Comments on HB 477

Tweets

Whip Lists

Sponsors
Votes
Looks like there aren't any voting records available at this moment.
Actions
  • Feb 05, 2025 | House
    • P2C, ref. to Finance, Ways, and Means Committee
    • Assigned to s/c Finance, Ways, and Means Subcommittee
  • Feb 03, 2025 | House
    • Intro., P1C.
  • Jan 28, 2025 | House
    • Filed for introduction
Bill Texts
Documents
Looks like we don't have any documents available at this moment.
Sources