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TennesseeSB 1002114th General Assembly (2025-2026)SenateWALLET

AN ACT to amend Tennessee Code Annotated, Title 43, Chapter 16, Part 1 and Section 67-4-102, relative to subsidiaries of agricultural cooperative associations.

Sponsored By: Ferrell Haile (Republican)

Became Law

Cooperatives

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Bill Overview

Analyzed Economic Effects

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

No privilege tax for farm co-op subsidiaries

Subsidiaries controlled by Tennessee-formed agricultural cooperatives do not owe Tennessee’s privilege tax for doing business for profit. The subsidiary is not treated as a for‑profit taxpayer for this tax. To qualify, the subsidiary must pay its profits to, or spend them for the benefit of, the cooperative or cooperatives. Its activities must ultimately promote Tennessee agriculture. This takes effect when the law becomes effective.

Sponsors & Cosponsors

Sponsor

  • Ferrell Haile

    Republican • Senate

Cosponsors

  • Shane Reeves

    Republican • Senate

  • Steve Southerland

    Republican • Senate

  • Ken Yager

    Republican • Senate

Roll Call Votes

All Roll Calls

Yes: 142 • No: 0

House vote • 4/21/2025

FLOOR VOTE: REGULAR CALENDAR PASSAGE ON THIRD CONSIDERATION 4/21/2025

Yes: 92 • No: 0

Senate vote • 4/14/2025

FLOOR VOTE: Motion to Adopt 4/14/2025

Yes: 32 • No: 0

Senate vote • 4/8/2025

SENATE FINANCE, WAYS AND MEANS COMMITTEE

Yes: 9 • No: 0

Senate vote • 2/26/2025

SENATE ENERGY, AGRICULTURE AND NATURAL RESOURCES COMMITTEE

Yes: 9 • No: 0

Actions Timeline

  1. Pub. Ch. 455

    5/15/2025

  2. Effective date(s) 05/09/2025

    5/15/2025

  3. Signed by Governor.

    5/9/2025Senate

  4. Transmitted to Governor for action.

    5/1/2025Senate

  5. Signed by H. Speaker

    4/30/2025House

  6. Signed by Senate Speaker

    4/29/2025Senate

  7. Enrolled and ready for signatures

    4/28/2025Senate

  8. Subst. for comp. HB.

    4/21/2025House

  9. Passed H., Ayes 92, Nays 0, PNV 0

    4/21/2025House

  10. Rcvd. from S., held on H. desk.

    4/15/2025House

  11. Passed Senate, Ayes 32, Nays 0

    4/14/2025Senate

  12. Engrossed; ready for transmission to House

    4/14/2025Senate

  13. Sponsor(s) Added.

    4/14/2025Senate

  14. Placed on Senate Consent Calendar 2 for 4/14/2025

    4/11/2025Senate

  15. Recommended for passage, refer to Senate Calendar Committee

    4/8/2025Senate

  16. Sponsor(s) Added.

    4/8/2025Senate

  17. Action deferred in Senate Finance, Ways, and Means Committee to 4/8/2025

    4/1/2025Senate

  18. Placed on Senate Finance, Ways, and Means Committee calendar for 4/8/2025

    4/1/2025Senate

  19. Placed on Senate Finance, Ways, and Means Committee calendar for 4/1/2025

    3/25/2025Senate

  20. Action deferred in Senate Finance, Ways, and Means Committee to 4/1/2025

    3/18/2025Senate

  21. Sponsor(s) Added.

    3/12/2025Senate

  22. Placed on Senate Finance, Ways, and Means Committee calendar for 3/18/2025

    3/11/2025Senate

  23. Recalled from Senate Calendar Committee

    2/27/2025Senate

  24. Refer to Senate Finance, Ways & Means Committee

    2/27/2025Senate

  25. Recommended for passage, refer to Senate Calendar Committee

    2/26/2025Senate

Bill Text

  • Enrolled / Public Chapter

    PDF

  • Fiscal Note

    PDF

  • Introduced

    PDF

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