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TennesseeSB 1002114th General Assembly (2025-2026)Senate

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: Sponsor information unavailable

Signed by Governor

Cooperatives

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Bill Overview

Analyzed Economic Effects

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

Tax relief for farm cooperative subsidiaries

The law exempts qualifying farm cooperative subsidiaries from Tennessee taxes charged for the privilege of doing business for profit. One or more agricultural cooperatives formed under Tennessee law must control the subsidiary. The subsidiary must meet the taxpayer definition in state tax law. Its profits must go to, or be spent for, the controlling cooperatives' benefit. The act took effect upon becoming law.

Sponsors & Cosponsors

Sponsors

There is no primary sponsor on record.

Cosponsors

  • Reeves

    Affiliation unavailable

  • 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. Effective date(s) 05/09/2025

    5/15/2025

  2. Pub. Ch. 455

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

    4/21/2025House

  9. Subst. for comp. HB.

    4/21/2025House

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

    4/15/2025House

  11. Sponsor(s) Added.

    4/14/2025Senate

  12. Engrossed; ready for transmission to House

    4/14/2025Senate

  13. Passed Senate, Ayes 32, Nays 0

    4/14/2025Senate

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

    4/11/2025Senate

  15. Sponsor(s) Added.

    4/8/2025Senate

  16. Recommended for passage, refer to Senate Calendar Committee

    4/8/2025Senate

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

    4/1/2025Senate

  18. Action deferred in Senate Finance, Ways, and Means Committee to 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. Refer to Senate Finance, Ways & Means Committee

    2/27/2025Senate

  24. Recalled from Senate Calendar 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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