# Tennessee HB 0691: AN ACT to amend Tennessee Code Annotated, Section 67-4-2109, relative to tax credits for financial institutions. Tennessee HB 0691, AN ACT to amend Tennessee Code Annotated, Section 67-4-2109, relative to tax credits for financial institutions., is a 114th General Assembly (2025-2026) House bill sponsored by no sponsor on record; status signed, last action 2025-05-27 (Effective date(s) 01/01/2026) (as of 2026-11-01). - Canonical: https://policyrisk.com/state-bill/TN-HB0691-2025-2026 - As of: 2026-11-01 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Tennessee HB 0691 - State: Tennessee - Session: 114th General Assembly (2025-2026) - Title: AN ACT to amend Tennessee Code Annotated, Section 67-4-2109, relative to tax credits for financial institutions. - Status: signed - Chamber: House - Introduced: 2025-02-03 - Last action: 2025-05-27, Effective date(s) 01/01/2026 - Sponsors: no sponsor on record - Cosponsors: 2 - Subjects: Taxes, Exemption and Credits - Touches household money: no - Roll calls: 6 (191 yes, 0 no in all) - Economic provisions PRIA read: 1 ## Summary No summary available. ## Bill overview: provisions PRIA read - Housing loan tax credits for lenders: benefit, low. 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 th… ## Sponsors and cosponsors - Cosponsor: Rush Bricken (Republican), House - Cosponsor: Powers ## Roll call votes | Date | Chamber | Motion | Result | Yes | No | Other | | --- | --- | --- | --- | --- | --- | --- | | 2025-04-22 | Senate | FLOOR VOTE: Third Consideration 4/22/2025 | pass | 33 | 0 | | | 2025-04-21 | House | FLOOR VOTE: REGULAR CALENDAR AS AMENDED PASSAGE ON THIRD CONSIDERATION 4/21/2025 | pass | 92 | 0 | | | 2025-04-21 | House | HOUSE CALENDAR & RULES COMMITTEE | fail | 0 | 0 | | | 2025-04-17 | House | HOUSE FINANCE, WAYS, AND MEANS COMMITTEE | pass | 28 | 0 | | | 2025-04-17 | House | HOUSE FINANCE, WAYS, AND MEANS COMMITTEE | pass | 27 | 0 | | | 2025-04-17 | House | HOUSE FINANCE, WAYS, AND MEANS SUBCOMMITTEE | pass | 11 | 0 | | ## Actions (27) - 2025-05-27: Effective date(s) 01/01/2026 - 2025-05-27: Pub. Ch. 496 - 2025-05-21: Signed by Governor. - 2025-05-09: Transmitted to Governor for his action. (House) - 2025-05-08: Signed by Senate Speaker (Senate) - 2025-04-30: Signed by H. Speaker (House) - 2025-04-28: Enrolled; ready for sig. of H. Speaker. (House) - 2025-04-22: Passed Senate, Ayes 33, Nays 0 (Senate) - 2025-04-22: Amendment withdrawn. (Amendment 1 - SA0448) (Senate) - 2025-04-22: Senate substituted House Bill for companion Senate Bill. (Senate) - 2025-04-22: Received from House, Passed on First Consideration (Senate) - 2025-04-21: Engrossed; ready for transmission to Sen. (House) - 2025-04-21: Passed H., as am., Ayes 92, Nays 0, PNV 0 (House) - 2025-04-21: H. adopted am. (Amendment 1 - HA0502) (House) - 2025-04-17: H. Placed on Regular Calendar for 4/21/2025 (House) - 2025-04-17: Placed on cal. Calendar & Rules Committee for 4/17/2025 (House) - 2025-04-17: Rec. for pass. if am., ref. to Calendar & Rules Committee (House) - 2025-04-17: Rec. for pass by s/c ref. to Finance, Ways, and Means Committee (House) - 2025-04-16: Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/17/2025 (House) - 2025-04-16: Sponsor(s) Added. (House) - 2025-04-09: Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/14/2025 (House) - 2025-02-26: Placed behind the budget (House) - 2025-02-19: Placed on s/c cal Finance, Ways, and Means Subcommittee for 2/26/2025 (House) - 2025-02-10: Assigned to s/c Finance, Ways, and Means Subcommittee (House) - 2025-02-06: P2C, ref. to Finance, Ways, and Means Committee (House) - 2025-02-05: Intro., P1C. (House) - 2025-02-03: Filed for introduction (House) ## Bill text - HA0502, 2025-04-21: [PDF](https://capitol.tn.gov/Bills/114/Amend/HA0502.pdf) - Enrolled / Public Chapter: [PDF](https://publications.tnsosfiles.com/acts/114/pub/pc0496.pdf) - Fiscal Note: [PDF](https://capitol.tn.gov/Bills/114/Fiscal/HB0691.pdf) - Introduced: [PDF](https://capitol.tn.gov/Bills/114/Bill/HB0691.pdf) - SA0448: [PDF](https://capitol.tn.gov/Bills/114/Amend/SA0448.pdf) ## Related bills - HB 0489: AN ACT to amend Tennessee Code Annotated, Title 38; Title 39; Title 40 and Title 55, relative to criminal law. (failed) - HB 0162: AN ACT to amend Tennessee Code Annotated, Title 67, relative to taxes. (failed) - SB 2733: AN ACT to amend Chapter 33 of the Private Acts of 1985; as amended by Chapter 85 of the Private Acts of 2004; and any other acts amendatory thereto, relative t… (failed) - SB 2690: AN ACT to make appropriations for the purpose of defraying the expenses of the state government for the fiscal years beginning July 1, 2025, and July 1, 2026,… (signed) - SB 2702: AN ACT to amend Chapter 154 of the Private Acts of 1955; as amended by Chapter 158 of the Private Acts of 1988; Chapter 204 of the Private Acts of 1990; and an… (failed) - SB 2716: AN ACT to amend Chapter 325 of the Private Acts of 1945; as amended by Chapter 335 of the Private Acts of 1968; Chapter 282 of the Private Acts of 1972; Chapte… (failed) ## Sources - [HA0502 (PDF)](https://capitol.tn.gov/Bills/114/Amend/HA0502.pdf) - [Enrolled / Public Chapter (PDF)](https://publications.tnsosfiles.com/acts/114/pub/pc0496.pdf) - [Fiscal Note (PDF)](https://capitol.tn.gov/Bills/114/Fiscal/HB0691.pdf) - [Introduced (PDF)](https://capitol.tn.gov/Bills/114/Bill/HB0691.pdf) - [SA0448 (PDF)](https://capitol.tn.gov/Bills/114/Amend/SA0448.pdf) ## Related - [HB 0489: AN ACT to amend Tennessee Code Annotated, Title 38; Title 39; Title 40 and Titl…](https://policyrisk.com/state-bill/TN-HB0489-2025-2026) - [HB 0162: AN ACT to amend Tennessee Code Annotated, Title 67, relative to taxes.](https://policyrisk.com/state-bill/TN-HB0162-2025-2026) - [SB 2733: AN ACT to amend Chapter 33 of the Private Acts of 1985; as amended by Chapter 8…](https://policyrisk.com/state-bill/TN-SB2733-2025-2026) - [SB 2690: AN ACT to make appropriations for the purpose of defraying the expenses of the…](https://policyrisk.com/state-bill/TN-SB2690-2025-2026) - [SB 2702: AN ACT to amend Chapter 154 of the Private Acts of 1955; as amended by Chapter…](https://policyrisk.com/state-bill/TN-SB2702-2025-2026) - [SB 2716: AN ACT to amend Chapter 325 of the Private Acts of 1945; as amended by Chapter…](https://policyrisk.com/state-bill/TN-SB2716-2025-2026) - [Tennessee bills](https://policyrisk.com/states/tennessee/bills) - [Tennessee state hub](https://policyrisk.com/states/tennessee) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/TN-HB0691-2025-2026 (as of 2026-11-01).