Tennessee legislation · 114th General Assembly
Tennessee HB2156: AN ACT to amend Tennessee Code Annotated, Title 67, relative to tax credits.
Status: Chaptered, May 26, 2026
Fiscal Summary NOT SIGNIFICANT Bill Summary ON APRIL 22, 2026, THE HOUSE ADOPTED AMENDMENT #1 AND PASSED HOUSE BILL 2156, AS AMENDED. AMENDMENT #1 rewrites the bill to, instead, make the following changes to present law for any financial institution that may credit against the sum total of the taxes imposed by the Franchise Tax law and by the Excise Tax law: Three percent annually from the unpaid principal balance of a qualified loan made to a community development financial institution that is certified by the United States department of the treasury's community development financial institutions fund as of December 31 of each year for the life of the loan or 15 years, whichever is earlier, to the month-end average unpaid principal balance of a qualified loan made to a community development financial institution that is certified by the United States department of the treasury's community development financial institutions fund for the financial institution's fiscal year for the life of the loan or 15 years, whichever is earlier. Five percent annually from the unpaid principal balance of a qualified low-rate loan made to a community development financial institution that is certified by the United States department of the treasury's community development financial institutions fund as of December 31 of each year for the life of the loan or 15 years, whichever is earlier, to the month-end average unpaid principal balance of a qualified low-rate loan made to a community development financial institution that is certified by the United States department of the treasury's community development financial institutions fund for the financial institution's fiscal year for the life of the loan or 15 years, whichever is earlier. This amendment also provides that an insurance company who makes a qualified loan or qualified long-t
What the bill says
From the amended text:
Senate Finance, Ways, and Means 1 Amendment No. 1 to SB2151 Watson Signature of Sponsor AMEND S e n ate Bill No. 2151* House Bill No. 2156 by deleting all language after the enacting clause and substituting: SECTION 1. Tennessee Code Annotated, Section 67-4-2109(k)(1)(B), is amended by deleting the subdivision and substituting instead: (B) Three percent (3%) annually of the month-end average unpaid principal balance of a qualified loan made to a community development financial institution that is certified by the United States department of the treasury's community development financial institutions fund for the financial institution's fiscal year for the life of the loan or fifteen (15) years, whichever is earlier. SECTION 2. Tennessee Code Annotated, Section 67-4-2109(k)(2)(B), is amended by deleting the subdivision and substituting instead: (B) Five percent (5%) annually of the month-end average unpaid principal balance of a qualified low-rate loan made to a community development financial institution that is certified by the United States department of the treasury's community development financial institutions fund for the financial institution's fiscal year for the life of the loan or fifteen (15) years, whichever is earlier. SECTION 3. This act takes effect January 1, 2027, the public welfare requiring it, and applies to tax years beginning on or after that date. SA1103