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HB1368 • 2026

Taxes, Business

AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 4, Part 7, relative to business tax.

Taxes
Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
Barrett, Hensley
Last action
2026-04-08
Official status
Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/14/2026
Effective date
Not listed

Plain English Breakdown

The official source material does not provide specific details on how much money will be saved by businesses due to this exemption or if other types of services might become exempt.

Exemption from Business Tax for Real Estate Appraisal Services

This bill removes business tax on services provided by real estate appraisers.

What This Bill Does

  • Adds a new subdivision (xvii) to Tennessee Code Annotated, Section 67-4-708(3)(C), which exempts services furnished by persons engaged in the appraisal of real estate or real property from business tax.

Who It Names or Affects

  • Real estate appraisers who provide services that were previously taxed under business tax laws.

Terms To Know

Business Tax
A type of tax that businesses pay based on their income or activities.
Real Estate Appraisal Services
Services provided by professionals who estimate the value of real estate properties.

Limits and Unknowns

  • The bill does not specify how much money will be saved by businesses due to this exemption.
  • It is unclear if there are any other types of services that might also become exempt in the future.

Bill History

  1. 2026-04-08 Tennessee General Assembly

    Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/14/2026

  2. 2026-02-11 Tennessee General Assembly

    Placed behind the budget

  3. 2026-02-04 Tennessee General Assembly

    Placed on s/c cal Finance, Ways, and Means Subcommittee for 2/11/2026

  4. 2025-04-17 Tennessee General Assembly

    Placed on Senate Finance, Ways, and Means Committee calendar for 4/21/2025

  5. 2025-04-14 Tennessee General Assembly

    Placed on Senate Finance, Ways, and Means Committee calendar for 4/15/2025

  6. 2025-04-14 Tennessee General Assembly

    Rule #83(8) Suspended, to be heard in Senate Finance, Ways & Means Committee on 4/15/2025

  7. 2025-04-09 Tennessee General Assembly

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

  8. 2025-04-02 Tennessee General Assembly

    Recommended for passage, refer to Senate Finance, Ways, and Means Committee

  9. 2025-04-01 Tennessee General Assembly

    Placed on Senate State and Local Government Committee calendar for 4/2/2025

  10. 2025-04-01 Tennessee General Assembly

    Action deferred in Senate State and Local Government Committee to 4/2/2025

  11. 2025-03-26 Tennessee General Assembly

    Placed on Senate State and Local Government Committee calendar for 4/1/2025

  12. 2025-02-26 Tennessee General Assembly

    Placed behind the budget

  13. 2025-02-19 Tennessee General Assembly

    Placed on s/c cal Finance, Ways, and Means Subcommittee for 2/26/2025

  14. 2025-02-19 Tennessee General Assembly

    Meeting Canceled

  15. 2025-02-12 Tennessee General Assembly

    Placed on s/c cal Finance, Ways, and Means Subcommittee for 2/19/2025

  16. 2025-02-12 Tennessee General Assembly

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

  17. 2025-02-12 Tennessee General Assembly

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

  18. 2025-02-12 Tennessee General Assembly

    Passed on Second Consideration, refer to Senate State and Local Government Committee

  19. 2025-02-11 Tennessee General Assembly

    Sponsor change.

  20. 2025-02-11 Tennessee General Assembly

    Sponsor(s) withdrawn.

  21. 2025-02-10 Tennessee General Assembly

    Intro., P1C.

  22. 2025-02-10 Tennessee General Assembly

    Introduced, Passed on First Consideration

  23. 2025-02-06 Tennessee General Assembly

    Filed for introduction

  24. 2025-02-04 Tennessee General Assembly

    Filed for introduction

Official Summary Text

Abstract summarizes the bill.

Current Bill Text

Read the full stored bill text 
SENATE BILL 826
By Hensley

HOUSE BILL 1368
By Barrett

HB1368
002871
- 1 -

AN ACT to amend Tennessee Code Annotated, Title 67,
Chapter 4, Part 7, relative to business tax.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. Tennessee Code Annotated, Section 67-4-708(3)(C), is amended by
adding the following new subdivision:
(xvii) Services furnished by persons engaged in the appraisal of real estate or
real property.
SECTION 2. Tennessee Code Annotated, Section 67-4-708(3)(C), is amended by
deleting the language "subdivisions (3)(C)(i)-(xvi)" wherever it appears and substituting instead
the language "subdivisions (3)(C)(i)-(xvii)".
SECTION 3. This act takes effect upon becoming a law, the public welfare requiring it.