Bill Commons

TN HB 691

enacted

Taxes, Exemption and Credits - As enacted, changes the amounts of the franchise and excise tax credits allowed to financial institutions from certain percentages of the unpaid principal balance of certain qualified loans made to eligible housing entities to certain percentages of the month-end average unpaid principal balance of such loans; makes other related revisions. - Amends TCA Section 67-4-2109.

Tennessee · 114S1 · lower

Quick answers

Did TN HB 691 pass?

Yes. TN HB 691 has been enacted into law as of 2025-05-27. Latest recorded action (2025-05-27): Pub. Ch. 496

What is TN HB 691 about?

TN HB 691 is a bill in the 114S1 titled “Taxes, Exemption and Credits - As enacted, changes the amounts of the franchise and excise tax credits allowed to financial institutions from certain percentages of the unpaid principal balance of certain qualified loans made to eligible housing entities to certain percentages of the month-end average unpaid principal balance of such loans; makes other related revisions. - Amends TCA Section 67-4-2109.”.

Who sponsors TN HB 691?

Baum is the primary sponsor of TN HB 691.

Introduced
2025-02-05
Latest action
2025-05-27 — Pub. Ch. 496
Bill type
bill
Last updated
—

Subjects

Sponsors

  • Baumprimary

Committees

Not provided by source.

Action timeline

  1. 2025-02-03

    Filed for introduction

    filing

  2. 2025-02-05

    Intro., P1C.

    introduction

  3. 2025-02-06

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

    referral-committee

  4. 2025-02-10

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

    referral-committee

  5. 2025-02-19

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

  6. 2025-02-26

    Placed behind the budget

  7. 2025-04-09

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

  8. 2025-04-16

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

  9. 2025-04-16

    Sponsor(s) Added.

    sponsorship

  10. 2025-04-17

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

  11. 2025-04-17

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

  12. 2025-04-17

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

    committee-passage-favorable

  13. 2025-04-17

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

    committee-passage-favorable

  14. 2025-04-21

    Engrossed; ready for transmission to Sen.

    receipt

  15. 2025-04-21

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

    passage

  16. 2025-04-21

    H. adopted am. (Amendment 1 - HA0502)

    amendment-passage

  17. 2025-04-22

    Passed Senate, Ayes 33, Nays 0

    passage

  18. 2025-04-22

    Amendment withdrawn. (Amendment 1 - SA0448)

  19. 2025-04-22

    Senate substituted House Bill for companion Senate Bill.

    substitution

  20. 2025-04-22

    Received from House, Passed on First Consideration

    introduction

  21. 2025-04-28

    Enrolled; ready for sig. of H. Speaker.

    enrolled

  22. 2025-04-30

    Signed by H. Speaker

    passage

  23. 2025-05-08

    Signed by Senate Speaker

    passage

  24. 2025-05-09

    Transmitted to Governor for his action.

    executive-receipt

  25. 2025-05-21

    Signed by Governor.

    executive-signature

  26. 2025-05-27

    Effective date(s) 01/01/2026

  27. 2025-05-27

    Pub. Ch. 496

Versions

Documents

Votes

  • HOUSE FINANCE, WAYS, AND MEANS COMMITTEE: Rec. for pass; ref to Calendar & Rules Committee 4/17/2025 Passed (4)

    2025-04-17 · pass · 27-0

  • HOUSE FINANCE, WAYS, AND MEANS SUBCOMMITTEE: Rec. for pass by s/c ref. to Finance, Ways, and Means Committee 4/17/2025 Passed (5)

    2025-04-17 · pass · 11-0

  • HOUSE FINANCE, WAYS, AND MEANS COMMITTEE: Rec. for pass. if am., ref. to Calendar & Rules Committee 4/17/2025 Passed (3)

    2025-04-17 · pass · 28-0

  • HOUSE CALENDAR & RULES COMMITTEE: H. Placed on Regular Calendar for 4/21/2025 4/17/2025 (2)

    2025-04-21 · fail · 0-0

  • FLOOR VOTE: REGULAR CALENDAR AS AMENDED PASSAGE ON THIRD CONSIDERATION 4/21/2025 Passed (1)

    2025-04-21 · pass · 92-0

  • FLOOR VOTE: Third Consideration 4/22/2025 Passed (1)

    2025-04-22 · pass · 33-0

Related bills

Official source

Attribution

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

Inspect retained evidence for changes recorded after evidence tracking began:

Session-wide evidence can include changes to other bills:

Use this data

Every field on this page is available from the free public API — no key or licence required. Fetch this bill as JSON: GET /api/v1/bills?jurisdiction=TN&identifier=HB 691. See the API docs or the MCP server for AI assistants.

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