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.

Introduced

In Committee

Floor

Crossed Over

Passed

Enacted

Overview Bill text 1 History 9 Sponsors

No summary has been published for this bill. The full text is on the Bill text tab.

Chamber: House
Introduced: Jan 28, 2025
Last action: Apr 9, 2025 — Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/14/2025
Session: 114
Momentum: 30 · Low

PASSAGE PROBABILITY

24.6% Unlikely

Why this number

Stage base In Committee — base rate 51%, measured from TN's completed sessions
Momentum -4 30/100 from the pace of recorded action
Time since last action -22 553 days quiet

A transparent scoring model over stage, momentum, recency, sponsorship and recorded votes — not a trained predictor. Treat it as a way to rank attention, not as a forecast.