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SB0768 • 2026

Business Organizations

AN ACT to amend Tennessee Code Annotated, Title 4; Title 39; Title 47; Title 48; Title 62 and Title 63, relative to businesses.

Active

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

Sponsor
Bailey, Boyd
Last action
2025-02-12
Official status
Passed on Second Consideration, refer to Senate Commerce and Labor Committee
Effective date
Not listed

Plain English Breakdown

The official source does not provide details on how the change will affect existing regulations or penalties for late filings.

Changing Filing Dates for Professional Corporations

This bill changes the filing deadline from January 1 to January 15 for annual statements of qualification by domestic and foreign professional corporations in Tennessee.

What This Bill Does

  • Changes the filing deadline from January 1 to January 15 for domestic and foreign professional corporations in Tennessee.
  • Requires these corporations to deliver an annual statement of qualification within this new timeframe.

Who It Names or Affects

  • Domestic professional corporations in Tennessee
  • Foreign professional corporations authorized to do business in Tennessee

Terms To Know

Professional corporation
A type of company that provides professional services and is registered with the state.
Annual statement of qualification
A yearly document a professional corporation must submit to show it meets licensing requirements.

Limits and Unknowns

  • The bill does not specify what happens if corporations miss the new filing deadline.
  • It is unclear how this change will affect existing regulations and penalties for late filings.

Bill History

  1. 2025-02-12 Tennessee General Assembly

    Passed on Second Consideration, refer to Senate Commerce and Labor Committee

  2. 2025-02-12 Tennessee General Assembly

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

  3. 2025-02-10 Tennessee General Assembly

    Introduced, Passed on First Consideration

  4. 2025-02-10 Tennessee General Assembly

    Intro., P1C.

  5. 2025-02-05 Tennessee General Assembly

    Filed for introduction

  6. 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 
HOUSE BILL 1145
By Boyd

SENATE BILL 768
By Bailey

SB0768
002800
- 1 -

AN ACT to amend Tennessee Code Annotated, Title 4;
Title 39; Title 47; Title 48; Title 62 and Title 63,
relative to businesses.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. Tennessee Code Annotated, Section 48-101-629(b), is amended by
deleting "January 1" wherever it appears and substituting "January 15".
SECTION 2. This act takes effect upon becoming a law, the public welfare requiring it.