HB 477

  • Tennessee House Bill
  • 114th Regular Session (2025-2026)
  • Introduced in House Feb 03, 2025
  • House
  • Senate
  • Governor

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.

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Actions


Apr 09, 2025

House

Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/14/2025

Mar 19, 2025

House

Placed behind the budget

Mar 12, 2025

House

Placed on s/c cal Finance, Ways, and Means Subcommittee for 3/19/2025

House

Action Def. in s/c Finance, Ways, and Means Subcommittee to 3/19/2025

Mar 05, 2025

House

Placed on s/c cal Finance, Ways, and Means Subcommittee for 3/12/2025

Feb 05, 2025

House

P2C, ref. to Finance, Ways, and Means Committee

House

Assigned to s/c Finance, Ways, and Means Subcommittee

Feb 03, 2025

House

Intro., P1C.

Jan 28, 2025

House

Filed for introduction

Bill Text

Bill Text Versions Format
Current Version PDF

Related Documents

Document Format
Fiscal Note

Sources

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