All Roll Calls
Yes: 191 • No: 0
TennesseeHB 0691114th General Assembly (2025-2026)House
AN ACT to amend Tennessee Code Annotated, Section 67-4-2109, relative to tax credits for financial institutions.
Sponsored By: Sponsor information unavailable
Signed by Governor
Taxes, Exemption and Credits
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Housing loan tax credits for lenders
For tax years beginning January 1, 2026, or later, Tennessee provides annual tax credits to qualifying financial institutions. The rates are 3% for qualified housing loans and 5% for qualified low-rate housing loans. Loans must go to eligible housing entities for eligible activities. Credits use the average unpaid principal balance at month-end during the financial institution’s fiscal year. Credits last for the loan’s life or 15 years, whichever ends first. These credits go to lenders, not households, and do not guarantee lower housing costs.
Sponsors & Cosponsors
Sponsors
There is no primary sponsor on record.
Cosponsors
Rush Bricken
Republican • House
Powers
Affiliation unavailable
Roll Call Votes
Senate vote • 4/22/2025
FLOOR VOTE: Third Consideration 4/22/2025
Yes: 33 • No: 0
House vote • 4/21/2025
FLOOR VOTE: REGULAR CALENDAR AS AMENDED PASSAGE ON THIRD CONSIDERATION 4/21/2025
Yes: 92 • No: 0
House vote • 4/21/2025
HOUSE CALENDAR & RULES COMMITTEE
Yes: 0 • No: 0
House vote • 4/17/2025
HOUSE FINANCE, WAYS, AND MEANS COMMITTEE
Yes: 28 • No: 0
House vote • 4/17/2025
HOUSE FINANCE, WAYS, AND MEANS COMMITTEE
Yes: 27 • No: 0
House vote • 4/17/2025
HOUSE FINANCE, WAYS, AND MEANS SUBCOMMITTEE
Yes: 11 • No: 0
Actions Timeline
Effective date(s) 01/01/2026
5/27/2025Pub. Ch. 496
5/27/2025Signed by Governor.
5/21/2025Transmitted to Governor for his action.
5/9/2025HouseSigned by Senate Speaker
5/8/2025SenateSigned by H. Speaker
4/30/2025HouseEnrolled; ready for sig. of H. Speaker.
4/28/2025HousePassed Senate, Ayes 33, Nays 0
4/22/2025SenateAmendment withdrawn. (Amendment 1 - SA0448)
4/22/2025SenateSenate substituted House Bill for companion Senate Bill.
4/22/2025SenateReceived from House, Passed on First Consideration
4/22/2025SenateEngrossed; ready for transmission to Sen.
4/21/2025HousePassed H., as am., Ayes 92, Nays 0, PNV 0
4/21/2025HouseH. adopted am. (Amendment 1 - HA0502)
4/21/2025HouseH. Placed on Regular Calendar for 4/21/2025
4/17/2025HousePlaced on cal. Calendar & Rules Committee for 4/17/2025
4/17/2025HouseRec. for pass. if am., ref. to Calendar & Rules Committee
4/17/2025HouseRec. for pass by s/c ref. to Finance, Ways, and Means Committee
4/17/2025HousePlaced on s/c cal Finance, Ways, and Means Subcommittee for 4/17/2025
4/16/2025HouseSponsor(s) Added.
4/16/2025HousePlaced on s/c cal Finance, Ways, and Means Subcommittee for 4/14/2025
4/9/2025HousePlaced behind the budget
2/26/2025HousePlaced on s/c cal Finance, Ways, and Means Subcommittee for 2/26/2025
2/19/2025HouseAssigned to s/c Finance, Ways, and Means Subcommittee
2/10/2025HouseP2C, ref. to Finance, Ways, and Means Committee
2/6/2025House
Bill Text
HA0502
4/21/2025
Enrolled / Public Chapter
Fiscal Note
Introduced
SA0448
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