LWVTN Budget and Revenue Report 4.16.2015
SB2 / HB1169 Hall income tax - phases out over three-year period.
Sponsors Sen. Brian K. Kelsey / Rep. Tilman Goins
Description Phases out the Hall income tax over a three year period beginning January 1, 2016, to
January 1, 2010 by reducing the tax rate by 2% annually. Prohibits an income tax on
dividends from stocks or by way of interest on bonds after January 1, 2018.
Senate Status 03/24/2015 - Senate Finance Revenue Subcommittee returned to Senate Finance with a
neutral recommendation.
House Status 02/24/2015 - Referred to House Finance Subcommittee.
SB3 / HB1 Reduction of sales tax.
Sponsors Sen. Mark S. Norris / Rep. Gerald McCormick
Description Reduces the state sales and use tax rate on tangible personal property from 7% to 6.75%.
Broadly captioned.
Senate Status 03/24/2015 - Senate Finance Revenue Subcommittee recommended. Sent to Senate
Finance, Ways & Means Committee.
House Status 04/08/2015 - House Finance Subcommittee placed behind the budget.
SB32 / HB48 Increases Hall Income tax exemptions.
Sponsors Sen. Doug Overbey / Rep. Art Swann
Description Requires the amounts of the Hall tax exemptions to be raised annually in accordance with
inflation beginning with the 2016 calendar year. Requires the department of revenue to notify
taxpayers of any change in dollar amounts and to post the information on the department's
website.
Senate Status 04/16/2015 - Set for Senate Finance, Ways & Means Committee- Bills Behind the Budget
04/16/15.
House Status 03/18/2015 - House Finance Subcommittee placed behind the budget.
SB47 / HB813 Reduces Hall Income tax.
Sponsors Sen. Mark Green / Rep. Charles M. Sargent
Description Reduces Hall income tax by one percent in every year that state revenue growth exceeds
three percent. Specifies that once Hall income tax rate reaches three percent, the reduction
rate of the Hall income tax in years that state revenue growth exceeds three percent
decreases to three-quarters (.75) percent until the rate is reduced to zero. Specifies that the
reduced Hall income tax rate takes effect on January 1 following the end of the fiscal year in
which the state revenue growth exceeded three percent. Specifies that distribution of tax
revenue to general fund decreases in conjunction with each reduction of Hall income tax rate
until it reaches zero. Increases distribution of tax proceeds to county or municipality
government in which the taxpayer resides until 100 percent of proceeds are distributed to the
county or municipality.
Senate Status 04/16/2015 - Set for Senate Finance, Ways & Means Committee- Bills Behind the Budget
04/16/15.
House Status 04/14/2015 - Taken off notice in House Government Operations Committee.
SB58 / HB54 Reducing tax on groceries.
Sponsors
Description
Senate Status
House Status
Sen. Mark Green / Rep. Curtis G. Johnson
Reduces the sales tax rate on food from 5 percent to 4.5 percent.
04/15/2015 - Taken off notice in Senate Finance, Ways & Means Committee.
03/25/2015 - House Finance Subcommittee placed behind the budget.
SB59 / HB423 Formula for calculation of franchise and excise tax.
Sponsors Sen. Mark Green / Rep. Cameron Sexton
Description Revises the apportionment formula for the franchise and excise tax beginning January 1,
2016, to net earnings multiplied by the receipts factor. Under current law, the formula is
defined as net earnings multiplied by a fraction, whereby the numerator is the property factor
plus the payroll factor plus twice the receipts factor, and denominator would be four. Revises
the apportionment of net worth formula beginning January 1, 2016, to net worth multiplied by
the receipts factor. Under current law, net worth shall be multiplied by a fraction, whereby the
numerator is the property factor plus the payroll factor plus twice the receipts factor, and the
denominator of the fraction being four. Redefines the sale of property, other than sales of
tangible personal property, in this state, as the receipts derived from customers within this
state or if the receipts are otherwise attributable to this state's marketplace. Revises the
apportionment formula for captive REIT affiliated groups to be based on receipts provided for
in 67-4-2012(a)(2), including the receipts of those members of the affiliated group that would
not be subject to taxation in this state if considered apart from the affiliated group. Excludes
dividends, receipts, and expenses resulting from transactions between members of the
affiliated group.
Senate Status 04/15/2015 - Taken off notice in Senate Finance, Ways & Means Committee.
House Status 04/01/2015 - House Finance Subcommittee placed behind the budget.
SB121 / HB411 Reduction in state shared revenue for certain municipalities.
Sponsors Sen. Brian K. Kelsey / Rep. Steve McManus
Description Requires the state to reduce the state shared revenue due to any municipality that extended
its corporate limits by annexation by ordinance between April 15, 2013 and May 15, 2015,
under certain circumstances.
Senate Status 03/26/2015 - Taken off notice in Senate State & Local Government Committee.
House Status 02/18/2015 - Referred to House Local Government Subcommittee.
SB603 / HB644 Revenue Modernization Act.
Sponsors Sen. Mark S. Norris / Rep. Gerald McCormick
Description
Amendment HOUSE AMENDMENT 2 (006312) deletes all language after the enacting clause. Section 1
names the proposed act as the Revenue Modernization Act. Sections 2, 3 and 4 amend the
Business Tax Act. Section 2 authorizes the Commissioner of the Department of Revenue to
waive, in whole or in part, any statutory penalty imposed under any laws administered by the
Commissioner in any case in which a person fails to procure a license required by law,
except when such failure is the result of having been misled by erroneous advice or action
on the part of officials charged with the enforcement of this state's tax statutes. Section 3
defines a "substantial nexus in this state" to include taxpayers that have a bright-line
presence in Tennessee, which is established if, during a tax period: the taxpayer's total
receipts in Tennessee exceed the lesser of $500,000 or 25 percent of total receipts
everywhere; the average value of the taxpayer's property owned or rented and used in
Tennessee exceeds the lesser of $50,000 or 25 percent of the average value of all of the
taxpayer's property; or the total compensation paid by the taxpayer in Tennessee exceeds
the lesser of $50,000 or 25 percent of the total compensation paid by the taxpayer.
Establishes that no company that is treated as a foreign corporation under the Internal
Revenue Code and that has no income effectively connected with a U.S. trade or business
shall be considered to have a substantial nexus in Tennessee. Section 4 authorizes a
business tax deduction for the sale of any service that is delivered to a location outside
Tennessee, rather than for sales of services that are received by customers located outside
Tennessee. Section 5 expands the scope of business activities subject to the business tax
by requiring businesses with substantial nexus in Tennessee to pay the business tax,
regardless of whether the business has a location in Tennessee. Sections 6 through 20
amend the Franchise and Excise (F&E) Tax Law. Section 6 defines a "substantial nexus in
this state" in a similar manner as section 3 above and also includes ]taxpayers that license
intangible property for use by another party in Tennessee and derives income from that us e
of intangible property in Tennessee. Adds a net earnings and net worth guidance for the
purposes of F&E taxes. Sections 7 and 15 require businesses with substantial nexus in
Tennessee, as defined by section 5, to pay the F&E tax. Sections 8, 13 and 16 increase, for
tax year beginning on or after July 1, 2016, the weight given to the sales factor under the
statutory apportionment formula used to calculate the portion of net earnings and net worth
apportioned to Tennessee for F&E tax purposes from a double-weighted factor to a tripleweighted factor. Sections 9 and 17 implement market-based sourcing, instead of earningsproducing activity sourcing, for sales, other than sales of tangible personal property, for
purposes of apportioning the F&E tax. Establish that, for any person that is principally
engaged in the sale of telecommunications service, mobile telecommunications service,
internet access service, video programming service, direct-to-home satellite television
programming service, or a combination of such services who, as a member of a qualified
group, during the tax period either: incur, in the aggregate as the group, qualified
expenditures of more than $150,000,000, or make sales subject to the sales tax of more than
$150,000,000, total receipts in Tennessee shall equal the receipts from all sales of tangible
personal property that are in this state as determined by current law, plus the arithmetical
average of the receipts from all sales other than sales of tangible personal property that are
in this state as determined under each of the two newly established alternative methods.
Sections 10 and 18 establish, regarding F&E apportionment formulas for financial
institutions, that receipts equal to the net gain or income from the sale of a security made by
a security dealer shall be attributed to Tennessee for F&E tax purposes if such person's
customer is located in Tennessee and such receipt is not otherwise attributed under current
law. Sections 11, 12, 19 and 20 update code references. Section 14 establishes franchise
and excise tax incentive for a taxpayer who moves large volumes of product through thirdparty distributors if the taxpayer chooses to use distribution centers located in Tennessee.
Establishes that, to qualify for the incentive, a taxpayer's sales of tangible personal property
in Tennessee must exceed $1,000,000,000 and the taxpayer's receipts factor exceeds 10
percent. Sections 21 through 27 amend the sales and use tax provisions. Section 21 defines
a "video game digital product" as the right to access and use computer software that
facilitates human interaction with a user interface to generate visual feedback for amusement
purposes, when possession of the computer software is maintained by the seller or a third
party, regardless of whether the charge for the service is on a per use, per user, per license,
subscription, or some other basis. Sections 22 and 24 establish that, for purposes of the
sales and use tax on the use of computer software, such use includes the right to access
and use software that remains in the possession of the dealer who provides the software or
in the possession of a third-party on behalf of such dealer. Exempt from the sales and use
tax any dealer that purchases computer software only for the purpose of reselling access
and use of such software. Specify other services exempt from the sales and use tax imposed
by this section. Section 23 subjects video game digital products to sales and use tax. Section
25 establishes that the existing sales and use tax exemption of the use of computer software
developed and fabricated by an affiliated company is valid regardless of how such software
is accessed, used or delivered. Section 26 declares the legislative intent to impose the sales
and use taxes to the fullest extent allowed under the constitutions of the United States and
the State of Tennessee. Section 27 creates a presumption that a dealer has a representative
in Tennessee and a substantial nexus if: the dealer enters into an agreement with one or
more persons located in Tennessee under which the person, for a commission or other
consideration, refers potential customers to the dealer; and the dealer's cumulative gross
receipts from retail sales made by the dealer to customers in Tennessee who are referred to
by the dealer by all residents with this type of an agreement with the dealer exceeds $10,000
during the preceding 12 months. Section 28 establishes the severability clause. Section 29
establishes effective dates, as follows: section 2 shall take effect July 1, 2016; sections 3
through 7, 14 and 15 shall take effect January 1, 2016, and shall apply to all tax years
beginning on or after that date; sections 9 through 12, and 17 through 20 shall take effect
July 1, 2016 and shall apply to all tax years beginning on or after that date; sections 21
through 25, and 27 shall take effect July 1, 2015; all other sections shall take effect upon
becoming a law. HOUSE AMENDMENT 3 (006636) revises a present law provision
governing the calculation of net earnings and losses under the Excise Tax Law. Under
present law, there is subtracted from net earnings and losses any intangible expense, or
portion thereof, that is paid, accrued or incurred in connection with a transaction with one or
more affiliates if the commissioner determines, upon application by the taxpayer, that such
expense, or portion thereof, did not have as its principal purpose the avoidance of the tax
levied by the Excise Tax Law. The commissioner will approve any application for the
deduction of any intangible expense, or portion thereof, that is: (1) Paid, accrued, or incurred
to an affiliate in a foreign nation that is a signatory to a comprehensive income tax treaty with
the United States; (2) Paid, accrued, or incurred to an affiliate when the affiliate, during the
same taxable year, has directly or indirectly paid, accrued or incurred such portion to an
entity that is not an affiliate; or (3) Paid, accrued, or incurred to an affiliate doing business in,
or deriving income from, a state that imposes a tax on or measured by net income and,
under that state's laws, the affiliate is subject to an income tax in that state. The portion of
the intangible expense that will be approved for the deduction is that portion that, after
applying the allocation and apportionment rules of the state, has been allocated or
apportioned by the affiliate to that state, intangible income being offset or matched by the
taxpayer's deduction in that state's report or return. This amendment rewrites the above
provision to provide that there is subtracted from net earnings and losses any intangible
expense paid, accrued, or incurred in connection with a transaction with one or more
affiliates, if the following criteria are met: (1) The intangible expense has been disclosed in
accordance with this amendment; and (2) If the affiliate to whom the expense has been paid,
accrued, or incurred is required to be registered and pay the tax imposed by the Excise Tax
Law, the affiliate is in fact registered and paying the tax. Under present law, any taxpayer
that pays, accrues or incurs intangible expenses as a result of a transaction with one or more
affiliates and fails to add such expenses to net earnings or net losses is subject to a
negligence penalty. This amendment adds that a taxpayer that pays, accrues, or incurs
intangible expenses as a result of a transaction with one or more affiliates must disclose the
intangible expenses on the form as prescribed by the commissioner, and this amendment
revises the above-described present law provision to add that the negligence penalty will
apply to a person that fails to make the required disclosure.
Senate Status 04/15/2015 - Senate Finance, Ways & Means Committee recommended with amendment 1
(006312). Sent to Senate Calendar Committee.
House Status 04/16/2015 - House passed with amendments 2 and 3. HOUSE AMENDMENT 2 (006312)
deletes all language after the enacting clause. Section 1 names the proposed act as the
Revenue Modernization Act. Sections 2, 3 and 4 amend the Business Tax Act. Section 2
authorizes the Commissioner of the Department of Revenue to waive, in whole or in part,
any statutory penalty imposed under any laws administered by the Commissioner in any
case in which a person fails to procure a license required by law, except when such failure is
the result of having been misled by erroneous advice or action on the part of officials
charged with the enforcement of this state's tax statutes. Section 3 defines a "substantial
nexus in this state" to include taxpayers that have a bright-line presence in Tennessee,
which is established if, during a tax period: the taxpayer's total receipts in Tennessee exceed
the lesser of $500,000 or 25 percent of total receipts everywhere; the average value of the
taxpayer's property owned or rented and used in Tennessee exceeds the lesser of $50,000
or 25 percent of the average value of all of the taxpayer's property; or the total compensation
paid by the taxpayer in Tennessee exceeds the lesser of $50,000 or 25 percent of the total
compensation paid by the taxpayer. Establishes that no company that is treated as a foreign
corporation under the Internal Revenue Code and that has no income effectively connected
with a U.S. trade or business shall be considered to have a substantial nexus in Tennessee.
Section 4 authorizes a business tax deduction for the sale of any service that is delivered to
a location outside Tennessee, rather than for sales of services that are received by
customers located outside Tennessee. Section 5 expands the scope of business activities
subject to the business tax by requiring businesses with substantial nexus in Tennessee to
pay the business tax, regardless of whether the business has a location in Tennessee.
Sections 6 through 20 amend the Franchise and Excise (F&E) Tax Law. Section 6 defines a
"substantial nexus in this state" in a similar manner as section 3 above and also includes
]taxpayers that license intangible property for use by another party in Tennessee and derives
income from that us e of intangible property in Tennessee. Adds a net earnings and net
worth guidance for the purposes of F&E taxes. Sections 7 and 15 require businesses with
substantial nexus in Tennessee, as defined by section 5, to pay the F&E tax. Sections 8, 13
and 16 increase, for tax year beginning on or after July 1, 2016, the weight given to the sales
factor under the statutory apportionment formula used to calculate the portion of net earnings
and net worth apportioned to Tennessee for F&E tax purposes from a double-weighted factor
to a triple-weighted factor. Sections 9 and 17 implement market-based sourcing, instead of
earnings-producing activity sourcing, for sales, other than sales of tangible personal
property, for purposes of apportioning the F&E tax. Establish that, for any person that is
principally engaged in the sale of telecommunications service, mobile telecommunications
service, internet access service, video programming service, direct-to-home satellite
television programming service, or a combination of such services who, as a member of a
qualified group, during the tax period either: incur, in the aggregate as the group, qualified
expenditures of more than $150,000,000, or make sales subject to the sales tax of more than
$150,000,000, total receipts in Tennessee shall equal the receipts from all sales of tangible
personal property that are in this state as determined by current law, plus the arithmetical
average of the receipts from all sales other than sales of tangible personal property that are
in this state as determined under each of the two newly established alternative methods.
Sections 10 and 18 establish, regarding F&E apportionment formulas for financial
institutions, that receipts equal to the net gain or income from the sale of a security made by
a security dealer shall be attributed to Tennessee for F&E tax purposes if such person's
customer is located in Tennessee and such receipt is not otherwise attributed under current
law. Sections 11, 12, 19 and 20 update code references. Section 14 establishes franchise
and excise tax incentive for a taxpayer who moves large volumes of product through thirdparty distributors if the taxpayer chooses to use distribution centers located in Tennessee.
Establishes that, to qualify for the incentive, a taxpayer's sales of tangible personal property
in Tennessee must exceed $1,000,000,000 and the taxpayer's receipts factor exceeds 10
percent. Sections 21 through 27 amend the sales and use tax provisions. Section 21 defines
a "video game digital product" as the right to access and use computer software that
facilitates human interaction with a user interface to generate visual feedback for amusement
purposes, when possession of the computer software is maintained by the seller or a third
party, regardless of whether the charge for the service is on a per use, per user, per license,
subscription, or some other basis. Sections 22 and 24 establish that, for purposes of the
sales and use tax on the use of computer software, such use includes the right to access
and use software that remains in the possession of the dealer who provides the software or
in the possession of a third-party on behalf of such dealer. Exempt from the sales and use
tax any dealer that purchases computer software only for the purpose of reselling access
and use of such software. Specify other services exempt from the sales and use tax imposed
by this section. Section 23 subjects video game digital products to sales and use tax. Section
25 establishes that the existing sales and use tax exemption of the use of computer software
developed and fabricated by an affiliated company is valid regardless of how such software
is accessed, used or delivered. Section 26 declares the legislative intent to impose the sales
and use taxes to the fullest extent allowed under the constitutions of the United States and
the State of Tennessee. Section 27 creates a presumption that a dealer has a representative
in Tennessee and a substantial nexus if: the dealer enters into an agreement with one or
more persons located in Tennessee under which the person, for a commission or other
consideration, refers potential customers to the dealer; and the dealer's cumulative gross
receipts from retail sales made by the dealer to customers in Tennessee who are referred to
by the dealer by all residents with this type of an agreement with the dealer exceeds $10,000
during the preceding 12 months. Section 28 establishes the severability clause. Section 29
establishes effective dates, as follows: section 2 shall take effect July 1, 2016; sections 3
through 7, 14 and 15 shall take effect January 1, 2016, and shall apply to all tax years
beginning on or after that date; sections 9 through 12, and 17 through 20 shall take effect
July 1, 2016 and shall apply to all tax years beginning on or after that date; sections 21
through 25, and 27 shall take effect July 1, 2015; all other sections shall take effect upon
becoming a law. HOUSE AMENDMENT 3 (006636) revises a present law provision
governing the calculation of net earnings and losses under the Excise Tax Law. Under
present law, there is subtracted from net earnings and losses any intangible expense, or
portion thereof, that is paid, accrued or incurred in connection with a transaction with one or
more affiliates if the commissioner determines, upon application by the taxpayer, that such
expense, or portion thereof, did not have as its principal purpose the avoidance of the tax
levied by the Excise Tax Law. The commissioner will approve any application for the
deduction of any intangible expense, or portion thereof, that is: (1) Paid, accrued, or incurred
to an affiliate in a foreign nation that is a signatory to a comprehensive income tax treaty with
the United States; (2) Paid, accrued, or incurred to an affiliate when the affiliate, during the
same taxable year, has directly or indirectly paid, accrued or incurred such portion to an
entity that is not an affiliate; or (3) Paid, accrued, or incurred to an affiliate doing business in,
or deriving income from, a state that imposes a tax on or measured by net income and,
under that state's laws, the affiliate is subject to an income tax in that state. The portion of
the intangible expense that will be approved for the deduction is that portion that, after
applying the allocation and apportionment rules of the state, has been allocated or
apportioned by the affiliate to that state, intangible income being offset or matched by the
taxpayer's deduction in that state's report or return. This amendment rewrites the above
provision to provide that there is subtracted from net earnings and losses any intangible
expense paid, accrued, or incurred in connection with a transaction with one or more
affiliates, if the following criteria are met: (1) The intangible expense has been disclosed in
accordance with this amendment; and (2) If the affiliate to whom the expense has been paid,
accrued, or incurred is required to be registered and pay the tax imposed by the Excise Tax
Law, the affiliate is in fact registered and paying the tax. Under present law, any taxpayer
that pays, accrues or incurs intangible expenses as a result of a transaction with one or more
affiliates and fails to add such expenses to net earnings or net losses is subject to a
negligence penalty. This amendment adds that a taxpayer that pays, accrues, or incurs
intangible expenses as a result of a transaction with one or more affiliates must disclose the
intangible expenses on the form as prescribed by the commissioner, and this amendment
revises the above-described present law provision to add that the negligence penalty will
apply to a person that fails to make the required disclosure.
SB825 / HB937 State departments and agencies - reports on federal funds.
Sponsors Sen. Paul Bailey / Rep. Judd Matheny
Description Requires every state department and agency to develop an annual report detailing all federal
funds received by, or passed through, the department or agency and to submit the report to
each member of the general assembly by January 1 of each year.
Senate Status 04/06/2015 - Taken off notice in Senate State & Local Government Committee.
House Status 04/01/2015 - Taken off notice in House State Government Subcommittee.
SB839 / HB1358 Reduces Hall Income Tax.
Sponsors Sen. Ken Yager / Rep. Kent Calfee
Description Reduces the Hall income tax based upon revenue growth exceeding three percent in any
fiscal year, which is presently levied by the state, until it reaches zero percent. Allows local
governments, upon the state tax rate reaching zero percent, to levy a like tax not to exceed
2.25 percent, if the ordinance or resolution levying the tax is approved within two years.
Senate Status 03/24/2015 - Taken off notice in Senate Finance Revenue Subcommittee.
House Status 02/24/2015 - Referred to House Finance Subcommittee.
SB846 / HB1357 Age limits - Hall Income Tax exemption.
Sponsors Sen. Ken Yager / Rep. Kent Calfee
Description Increases from $33,000 to $43,000 for single filers and from $59,000 to $69,000 for persons
filing jointly, the maximum income that persons 65 and older may be exempt from paying the
Hall income tax for tax years 2016 and onward.
Senate Status 04/16/2015 - Set for Senate Finance, Ways & Means Committee- Bills Behind the Budget
04/16/15.
House Status 02/24/2015 - Referred to House Finance Subcommittee.
SB1311 / HB1283 Hall income tax exemptions clarified.
Sponsors Sen. Frank Niceley / Rep. Billy Spivey
Description Sets new tax exemptions on income derived from stocks and bonds for taxpayers 65 years
of age or older. Specifies that for an individual return, the tax imposed does not apply to the
first $33,000 dollars of income and for a joint return, the tax imposed does not apply to the
first $59,000 dollars on income.
Senate Status 04/01/2015 - Taken off notice in Senate Finance Revenue Subcommittee.
House Status 03/25/2015 - Taken off notice in House Finance Subcommittee.
SB1399 / HB1374 Appropriations and expenses of the state.
Sponsors Sen. Mark S. Norris / Rep. Charles M. Sargent
Description Makes appropriations for the purpose of defraying the expenses of state government for the
fiscal year beginning July 1, 2015, in the administration, operation and maintenance of the
legislative, executive and judicial branches of the various departments, institutions, offices
and agencies of the state, and for certain state aid and obligations and for capital outlay; for
the service of the public debt, and for emergency and contingency.
Amendment HOUSE AMENDMENT 2 (006000) is the Administration Amendment. HOUSE
AMENDMENT 3 (006585) prohibits state funds received by a local government unit to be
expended to pay any expenses attributable to a lawsuit filed against a state, state agency, or
state official in which the local government unit is named as a plaintiff. Requires the
Department of Finance and Administration (F&A) to deduct from the local government unit's
allocation of state-shared taxes or funds a sum to recover such expenses attributable to
defending the state in the lawsuit, if the state, agency, or official prevails in the lawsuit.
Requires $250,000 to be transferred annually from the State Land Acquisition Fund to the
Tennessee Civil War or War Between the States Site Preservation Fund (PF). HOUSE
AMENDMENT 3 -1 (006655) appropriates the sum of $6,079,500 to the Bureau of TennCare
for the sole purpose of restoring a reimbursement reduction for pharmaceuticals.
Senate Status 04/16/2015 - Senate passed.
House Status 04/16/2015 - House passed with amendments 2 and 3, as amended. HOUSE AMENDMENT
2 (006000) is the Administration Amendment. HOUSE AMENDMENT 3 (006585) prohibits
state funds received by a local government unit to be expended to pay any expenses
attributable to a lawsuit filed against a state, state agency, or state official in which the local
government unit is named as a plaintiff. Requires the Department of Finance and
Administration (F&A) to deduct from the local government unit's allocation of state-shared
taxes or funds a sum to recover such expenses attributable to defending the state in the
lawsuit, if the state, agency, or official prevails in the lawsuit. Requires $250,000 to be
transferred annually from the State Land Acquisition Fund to the Tennessee Civil War or War
Between the States Site Preservation Fund (PF). HOUSE AMENDMENT 3 -1 (006655)
appropriates the sum of $6,079,500 to the Bureau of TennCare for the sole purpose of
restoring a reimbursement reduction for pharmaceuticals.
Executive Status 04/16/2015 - Sent to the speakers for signatures.
SB1400 / HB1375 Authorizes state to issue and sale bonds up to $521 million.
Sponsors Sen. Mark S. Norris / Rep. Charles M. Sargent
Description Allows the state to issue direct general obligation bonds of the state up to $521,400,000 for
the purpose of providing funds to the department of finance and administration and the
department of transportation, and for certain other purposes.
Amendment House amendment 1 (006037) makes changes to preamble clauses; makes the $35,000,000
allocation to the Department of Finance and Administration, available for grants to industrial
development corporations in the original bill, available for grants to the Industrial
Development Board of Rutherford County for Nissan North America, Inc. project in the
amended bill. .
Senate Status 04/16/2015 - Senate passed.
House Status 04/16/2015 - House passed with amendment 1. House amendment 1 (006037) makes
changes to preamble clauses; makes the $35,000,000 allocation to the Department of
Finance and Administration, available for grants to industrial development corporations in the
original bill, available for grants to the Industrial Development Board of Rutherford County for
Nissan North America, Inc. project in the amended bill.
Executive Status 04/16/2015 - Sent to the speakers for signatures.
SB1401 / HB1376 Annual appropriations act - statutory revisions required.
Sponsors Sen. Mark S. Norris / Rep. Charles M. Sargent
Description Makes various statutory revisions required for implementation of the annual appropriations
act.
Amendment House amendment 1 (006585) prohibits state funds received by a local government unit to
be expended to pay any expenses attributable to a lawsuit filed against a state, state agency,
or state official in which the local government unit is named as a plaintiff. Requires the
Department of Finance and Administration (F&A) to deduct from the local government unit's
allocation of state-shared taxes or funds a sum to recover such expenses HB 1376 – SB
1401 attributable to defending the state in the lawsuit, if the state, agency, or official prevails
in the lawsuit. Requires $250,000 to be transferred annually from the State Land Acquisition
Fund to the Tennessee Civil War or War Between the States Site Preservation Fund (PF).
Senate Status 04/16/2015 - Senate passed.
House Status 04/16/2015 - House passed with amendment 1. House amendment 1 (006585) prohibits
state funds received by a local government unit to be expended to pay any expenses
attributable to a lawsuit filed against a state, state agency, or state official in which the local
government unit is named as a plaintiff. Requires the Department of Finance and
Administration (F&A) to deduct from the local government unit's allocation of state-shared
taxes or funds a sum to recover such expenses HB 1376 – SB 1401 attributable to defending
the state in the lawsuit, if the state, agency, or official prevails in the lawsuit. Requires
$250,000 to be transferred annually from the State Land Acquisition Fund to the Tennessee
Civil War or War Between the States Site Preservation Fund (PF).
Executive Status 04/16/2015 - Sent to the speakers for signatures.