Subsidiaries Of Agricultural Cooperative Associations

The bill clarifies that subsidiaries of agricultural cooperatives in Tennessee can receive a tax exemption, regardless of their legal structure, such as corporations or limited liability companies. This means that these businesses can benefit from the same tax advantages as their parent cooperatives. The aim is to support the agricultural sector by reducing financial burdens on these entities.

TN SB1002 is a senate bill in the Tennessee 114th General Assembly, sponsored by Ferrell Haile (R), currently “Passed” since May 15, 2025.

We track 9,160 Tennessee bills this session, 129 of them sponsored by Ferrell Haile.

Supporters of the bill argue that it fosters growth and sustainability within the agricultural community by ensuring that all types of subsidiary businesses can access important tax exemptions. This legislation is seen as a way to strengthen cooperative agriculture in Tennessee, ultimately benefiting farmers and the local economy.

Critics may argue that this bill could lead to potential abuse of tax exemptions by allowing various business structures to qualify without sufficient oversight. They might express concerns that it could disproportionately benefit larger agricultural businesses at the expense of smaller farms or other sectors that do not receive similar tax breaks.

The bill SB1002 aims to amend tax exemptions for subsidiaries of agricultural cooperative associations, which primarily affects the agricultural sector. The sponsor, Ferrell Haile, has a diverse range of personal financial interests, including ownership of a pharmacy and various real estate investments, but there are no direct overlaps with the agricultural industry or the specific provisions of this bill. His role as a pharmacist and owner of Perkins Drugs & Gift Shoppe does not intersect with agricultural cooperative tax regulations, and his other business interests are primarily in healthcare and real estate.

Unlike federal analysis based on campaign donations, state analysis examines legislators' personal financial interests — their jobs, businesses, and investments.

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