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Homestead Exemption Bill Hits a Snag We have a couple of big updates on the state-level advocacy front to report. First, our bill to increase the Homestead Exemption hit a massive snag as Legal Services filed it with the wrong caption. This essentially renders the bill inoperable because the bill …
Things are starting to ramp up in Nashville at the General Assembly this month. Last Monday night, Governor Bill Lee gave his State of the State address to the legislative bodies, kicking off the main course of the legislative session. Of note in the speech was a proposal to spend …
This week at the Capitol is a relatively quiet one, with the legislature in a two week period of organizational recess in between the convening of the 112th General Assembly and the start of regular session. But the body did meet last week for a special session on education, called …
The Tennessee Credit Union League recently sent messages to all new members of the Tennessee legislature, welcoming them to their respective offices and promising to work with them for the good of credit unions and their members statewide. The message emphasized that credit unions are our nation’s financial first responders, …
It is no secret that our banking friends have, in addition to advocating for the elimination of credit unions’ tax-exempt status, longed to add credit unions to the Community Reinvestment Act. This is something we have fought from the Act’s inception, rightly arguing that credit unions do not need to …
Special Session Wraps Up The 111th General Assembly of Tennessee has concluded its extraordinary session this week with all three of the bills requested by Governor Lee passing both the House and the Senate. On the credit union front, the “Tennessee Covid-19 Recovery Act” was the only piece of legislation …