PRIA Logo™
TennesseeHB 0691114th General Assembly (2025-2026)HouseWALLET

AN ACT to amend Tennessee Code Annotated, Section 67-4-2109, relative to tax credits for financial institutions.

Sponsored By: Charlie Baum (Republican)

Became Law

Taxes, Exemption and Credits

Your PRIA Score

Score Hidden

Personalized for You

How does this bill affect your finances?

Sign up for a PRIA Policy Scan to see your personalized alignment score for this bill and every other piece of legislation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.

Free to start

Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

3% and 5% credits for bank housing loans

Beginning January 1, 2026, financial institutions get an annual tax credit tied to each qualified housing loan. The credit equals 3% of the month-end average unpaid principal balance for qualified loans. For qualified low-rate loans, the credit equals 5% of the same month-end average unpaid balance. A lender can claim the credit each fiscal year for the life of the loan or up to 15 years, whichever is earlier. Loans must be made to eligible housing entities for eligible activities. The rule applies to tax years beginning on or after January 1, 2026.

Sponsors & Cosponsors

Sponsor

  • Charlie Baum

    Republican • House

Cosponsors

  • Rush Bricken

    Republican • House

  • Bill Powers

    Republican • Senate

Roll Call Votes

All Roll Calls

Yes: 191 • No: 0

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: 27 • No: 0

House vote • 4/17/2025

HOUSE FINANCE, WAYS, AND MEANS SUBCOMMITTEE

Yes: 11 • No: 0

House vote • 4/17/2025

HOUSE FINANCE, WAYS, AND MEANS COMMITTEE

Yes: 28 • No: 0

Actions Timeline

  1. Pub. Ch. 496

    5/27/2025

  2. Effective date(s) 01/01/2026

    5/27/2025

  3. Signed by Governor.

    5/21/2025

  4. Transmitted to Governor for his action.

    5/9/2025House

  5. Signed by Senate Speaker

    5/8/2025Senate

  6. Signed by H. Speaker

    4/30/2025House

  7. Enrolled; ready for sig. of H. Speaker.

    4/28/2025House

  8. Received from House, Passed on First Consideration

    4/22/2025Senate

  9. Senate substituted House Bill for companion Senate Bill.

    4/22/2025Senate

  10. Amendment withdrawn. (Amendment 1 - SA0448)

    4/22/2025Senate

  11. Passed Senate, Ayes 33, Nays 0

    4/22/2025Senate

  12. H. adopted am. (Amendment 1 - HA0502)

    4/21/2025House

  13. Passed H., as am., Ayes 92, Nays 0, PNV 0

    4/21/2025House

  14. Engrossed; ready for transmission to Sen.

    4/21/2025House

  15. Rec. for pass by s/c ref. to Finance, Ways, and Means Committee

    4/17/2025House

  16. Rec. for pass. if am., ref. to Calendar & Rules Committee

    4/17/2025House

  17. Placed on cal. Calendar & Rules Committee for 4/17/2025

    4/17/2025House

  18. H. Placed on Regular Calendar for 4/21/2025

    4/17/2025House

  19. Sponsor(s) Added.

    4/16/2025House

  20. Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/17/2025

    4/16/2025House

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

    4/9/2025House

  22. Placed behind the budget

    2/26/2025House

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

    2/19/2025House

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

    2/10/2025House

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

    2/6/2025House

Bill Text

Related Bills

Back to State Legislation