Bill Commons

TN HB 477

died on adjournment

Taxes - As introduced, allows a taxpayer to annually elect to take a bonus depreciation deduction of 40 percent of the cost of assets purchased on or after January 1, 2026, during the tax year in which the assets were purchased when calculating net earnings or net losses for excise tax purposes; allows the taxpayer to take the federal depreciation percentage if it exceeds 40 percent. - Amends TCA Title 67, Chapter 4, Part 20.

Tennessee · 114S1 · lower

Quick answers

Did TN HB 477 pass?

No. TN HB 477 died when the 114S1 session adjourned without final action on it. Bills that die this way are sometimes reintroduced in a later session. Latest recorded action (2025-04-09): Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/14/2025

What is TN HB 477 about?

TN HB 477 is a bill in the 114S1 titled “Taxes - As introduced, allows a taxpayer to annually elect to take a bonus depreciation deduction of 40 percent of the cost of assets purchased on or after January 1, 2026, during the tax year in which the assets were purchased when calculating net earnings or net losses for excise tax purposes; allows the taxpayer to take the federal depreciation percentage if it exceeds 40 percent. - Amends TCA Title 67, Chapter 4, Part 20.”.

Who sponsors TN HB 477?

Vaughan is the primary sponsor of TN HB 477.

Introduced
2025-02-03
Latest action
2025-04-09 — Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/14/2025
Bill type
bill
Last updated
—

Subjects

Sponsors

  • Vaughanprimary

Committees

Not provided by source.

Action timeline

  1. 2025-01-28

    Filed for introduction

    filing

  2. 2025-02-03

    Intro., P1C.

    introduction

  3. 2025-02-05

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

    referral-committee

  4. 2025-02-05

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

    referral-committee

  5. 2025-03-05

    Placed on s/c cal Finance, Ways, and Means Subcommittee for 3/12/2025

  6. 2025-03-12

    Placed on s/c cal Finance, Ways, and Means Subcommittee for 3/19/2025

  7. 2025-03-12

    Action Def. in s/c Finance, Ways, and Means Subcommittee to 3/19/2025

  8. 2025-03-19

    Placed behind the budget

  9. 2025-04-09

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

Versions

Documents

Votes

Not provided by source.

Related bills

Official source

https://wapp.capitol.tn.gov/apps/BillInfo/Default?BillNumber=HB0477&ga=114

Attribution

Data from openstates_bulk_csv, retrieved 2026-07-24T05:32:51.339172Z

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