Taxes, Privilege - As introduced, reduces professional privilege tax from $400 to $200 per year for attorneys in tax years that begin on and after June 1, 2027. - Amends TCA Title 67, Chapter 4, Part 17.

HB 2363 reduces the annual professional privilege tax for attorneys in Tennessee from $400 to $200. This change applies specifically to attorneys licensed under Tennessee Code §67-4-1702(1) or (2), directly affecting licensed attorneys who pay this tax. The tax reduction takes effect for privilege taxes due after May 31, 2027, meaning the lower rate applies to taxes paid for tax years beginning on or after June 1, 2027. The bill amends Tennessee Code §67-4-1703 to reflect this change in tax rates.