Tennessee SB 2397: Taxes, Excise - As enacted, specifies that, for excise tax purposes, effective for tax years beginning on or after January 1, 2022, Section 174 of the Internal Revenue Code, concerning the deduction for research and experimental expenditures, must be applied as it was in effect immediately before the enactment of the Tax Cuts and Jobs Act. - Amends TCA Section 67-4-2006.

Status: Comp. became Pub. Ch. 743 (as of 2022-04-04)

State: Tennessee · Session: 112 · Bill: SB 2397

Subjects: Excise, Taxes

Sponsors: Johnson, Lamberth

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