Taxes, Privilege

Plain English Breakdown

The bill summary and text do not provide specific details on how many Tennessee attorneys will be affected by this change, leaving it uncertain.

Tax Changes for Tennessee Attorneys

This bill changes how some lawyers in Tennessee pay a special tax called the professional privilege tax by exempting those with more than 20 years of experience.

What This Bill Does

• Removes licensed attorneys who have practiced law for over 20 years from paying the professional privilege tax.
• Updates Tennessee's tax laws in Title 67, Chapter 4, Part 17.

Who It Names or Affects

• Licensed attorneys who have practiced law for more than 20 years will no longer be required to pay the professional privilege tax.
• Lawyers with less than 20 years of experience must continue paying this tax.

Terms To Know

Professional Privilege Tax

A special tax that some states require certain professionals, like lawyers, to pay.

Limits and Unknowns

• The bill does not specify what happens if a lawyer's practice period changes after the law takes effect.
• It is unclear how many Tennessee attorneys will be affected by this change.

Official Summary Text

Abstract summarizes the bill.

Current Bill Text

HOUSE BILL 1880
By Hicks T

SENATE BILL 1963
By Walley
SB1963
011511
- 1 -

AN ACT to amend Tennessee Code Annotated, Title 67,
Chapter 4, Part 17, relative to taxation.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. Tennessee Code Annotated, Section 67-4-1702(3), is amended by adding
the following at the end of the subdivision immediately preceding the period:
who have practiced for twenty (20) years or less
SECTION 2. This act takes effect upon becoming a law, the public welfare requiring it,
and applies to privilege taxes due and payable after May 31, 2027.