Taxes, Business - As introduced, exempts services furnished by persons engaged in the appraisal of real estate or real property from business tax. - Amends TCA Title 67, Chapter 4, Part 7.

HB 1368 exempts real estate appraisers from Tennessee's business tax on services they provide. The bill amends Tennessee's tax code (Title 67, Chapter 4, Part 7) to add a new exemption for "services furnished by persons engaged in the appraisal of real estate or real property" under the business tax definition. This directly affects licensed real estate appraisers and their businesses by removing a tax burden on their core services. The key mechanism is adding a specific exemption category to the tax code, clarifying that appraisal services are not subject to the state business tax. The bill has been referred to committee for further review but has not yet passed.