Over the past few years, the administration packaged the bulk of its proposed tax legislation and amendments into an omnibus “Technical Corrections bill,” which typically was introduced late in the legislative session. In 2011, the new
administration abandoned that practice and introduced proposed tax legislation through more individualized bills throughout the legislative session. We reported on several new tax laws passed by the General Assembly during 2011
in prior issues of our SALT Bulletin: Tennessee Edition dated
April 21 and
May 19, 2011. During the waning days of the legislative session, which adjourned May 21, 2011, the General Assembly passed several additional tax bills amending
Tennessee’s franchise/excise tax laws, tax incentives and credits, and property tax laws, among others. The following are highlights of the changes adopted in the legislative session.