The Tennessee Legislature passed Senate Bill 884 and delivered it to Gov. Bill Lee this past week on May 18.

Present law imposes an annual privilege tax of $400 on registered lobbyists with the state.

As introduced, the bill eliminated the tax for attorneys, physicians, investment advisors, and lobbyists.

However, as amended and passed, the bill only removes the annual tax for physicians.

The bill becomes effective immediately if signed by the governor or left unsigned for more than 10 days.