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HB2156 • 2026

Taxes, Exemption and Credits

AN ACT to amend Tennessee Code Annotated, Title 67, relative to tax credits.

Taxes
Active

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

Sponsor
Baum, Walley
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

Checked against official source text during the last sync.

Tennessee Tax Credit Study Act

This bill requires the Tennessee Department of Revenue to study how making all excise tax credits transferable might affect the economy and report its findings by December 15, 2026.

What This Bill Does

  • Requires the Tennessee Department of Revenue to study the potential economic impact if all excise tax credits could be transferred to any person or entity other than the initial recipient.
  • Specifies that the department must complete this study before December 15, 2026.
  • Asks the department to report its findings and recommendations to specific committees in both houses of the Tennessee General Assembly.

Who It Names or Affects

  • The Tennessee Department of Revenue
  • Tax-related committees in the Tennessee General Assembly

Terms To Know

Excise tax credits
Money that businesses or individuals can subtract from their taxes for specific reasons, like buying certain products.
Transferable
Able to be given or passed on to someone else.

Limits and Unknowns

  • The bill does not specify what actions will be taken based on the study's findings.
  • It is unclear how long it will take for the department to complete its study and report back.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

Amendment 1-0 to HB2156

Plain English: The amendment changes how insurance companies can get tax credits for loans and investments made to community development financial institutions.

  • Insurance companies will be allowed a tax credit against the tax imposed by § 56-4-205 if they make certain types of loans or investments to certified community development financial institutions.
  • The amendment specifies that this new tax credit is limited to the insurance company's liability under § 56-4-205 for the calendar year and cannot be refunded.
  • The exact impact on insurance companies' taxes depends on their specific circumstances and liabilities.
  • Some technical details about how the credit will be calculated and administered are left to future rules by the commissioner of commerce and insurance.

Bill History

  1. 2026-04-08 Tennessee General Assembly

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

  2. 2026-03-18 Tennessee General Assembly

    Placed behind the budget

  3. 2026-03-17 Tennessee General Assembly

    Refer to Senate F,W&M Committee w/ negative recommendation, as amended

  4. 2026-03-11 Tennessee General Assembly

    Placed on s/c cal Finance, Ways, and Means Subcommittee for 3/18/2026

  5. 2026-03-10 Tennessee General Assembly

    Placed on Senate FW&M Revenue Subcommittee calendar for 3/17/2026

  6. 2026-03-09 Tennessee General Assembly

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

  7. 2026-03-09 Tennessee General Assembly

    Rec. for pass. if am., ref. to Finance, Ways, and Means Committee

  8. 2026-03-04 Tennessee General Assembly

    Placed on cal. Government Operations Committee for 3/9/2026

  9. 2026-02-25 Tennessee General Assembly

    Ref. to Government Operations Committee for Review - Finance, Ways & Means Committee

  10. 2026-02-10 Tennessee General Assembly

    Refer to Senate FW&M Revenue Subcommittee

  11. 2026-02-05 Tennessee General Assembly

    P2C, caption bill, held on desk - pending amdt.

  12. 2026-02-05 Tennessee General Assembly

    Passed on Second Consideration, refer to Senate Finance, Ways, and Means Committee

  13. 2026-02-04 Tennessee General Assembly

    Intro., P1C.

  14. 2026-02-02 Tennessee General Assembly

    Filed for introduction

  15. 2026-02-02 Tennessee General Assembly

    Introduced, Passed on First Consideration

  16. 2026-02-02 Tennessee General Assembly

    Filed for introduction

Official Summary Text

Abstract summarizes the bill.

Current Bill Text

Read the full stored bill text 
SENATE BILL 2151
By Walley

HOUSE BILL 2156
By Baum
HB2156
012094
- 1 -

AN ACT to amend Tennessee Code Annotated, Title 67,
relative to tax credits.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. The department of revenue shall study the potential economic impact of
making all excise tax credits transferable to any person or entity, other than the person or entity
to whom or to which the credits are initially made. On or before December 15, 2026, the
department shall report its findings and recommendations to the finance, ways and means
committee of the senate and the committee in the house of representatives having jurisdiction
over tax-related matters.
SECTION 2. This act takes effect upon becoming a law, the public welfare requiring it.