SB 1169 - HB 1215
FISCAL NOTE
Fiscal Review Committee
Tennessee General Assembly
February 23, 2025
Fiscal Analyst: Christine Drescher | Email: christine.drescher@capitol.tn.gov | Phone: 615-741-2564
SB 1169 - HB 1215
SUMMARY OF BILL: Exempts a child care agency from registration requirements of
charitable organizations with the Secretary of State (SOS).
FISCAL IMPACT:
STATE GOVERNMENT
REVENUE Division of Business and Charitable Organizations
FY25-26 & Subsequent Years ($14,400)
Assumptions:
• According to the SOS, there are approximately 100 childcare-related nonprofit
organizations that register or renew their registration each year with the Division of
Business and Charitable Organizations.
• The average registration fee paid by charitable organizations is $144 each.
• Exempting child care agencies from registration requirements with the SOS will result in a
recurring decrease in state revenue to the Division of Business and Charitable
Organizations of $14,400 (100 x $144) in FY25-26 and subsequent years.
IMPACT TO COMMERCE:
BUSINESS IMPACT
FISCAL YEAR EXPENSES
FY25-26 & Subsequent Years ($14,400)
Assumption:
• Child care agencies currently paying a fee to the SOS to register as a charitable organization
will no longer be required to expend funds for that purpose; therefore, the recurring
decrease in business expenses is estimated to be $14,400 in FY25-26 and subsequent years.
SB 1169 - HB 1215 2
CERTIFICATION:
The information contained herein is true and correct to the best of my knowledge.
Bojan Savic, Executive Director