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Revenue subcommittee votes to recommend against exempting long-practicing attorneys from professional privilege tax
Summary
The FW&M Revenue subcommittee voted 4–1 to give a negative recommendation to Senate Bill 19-63, which would exempt Tennessee attorneys from part of the professional privilege tax after 20 years of paying it; the bill has a $3.3 million fiscal note.
Senate Bill 19-63, sponsored by Senator Wally, would stop requiring Tennessee attorneys who have practiced and paid the professional privilege tax for 20 years from continuing to pay that portion of the tax. "For those licensed Tennessee attorneys who practice for more than 20 years here and have been paying this professional privilege tax during that time, they will no longer be required to do so after their 20th year of paying into the ... professional privilege tax," Senator Wally said in committee.
Chairman Hensley told the panel the bill carries a fiscal cost of $3,300,000. Senator Hale moved a negative recommendation, seconded by Senator Powers; the committee voted 4–1 in favor of the negative recommendation (ayes: Senator Hale, Senator Powers, Senator Yarbrough, Chairman Hensley; no: Senator Wally). The negative recommendation sends the bill to full finance with the committee’s recommendation against passage.
