BRENTWOOD, Tenn. – On Wednesday, Jan. 21, the Tennessee Society of CPAs (TSCPA) hosted members from across the state at the Capitol for the society’s annual Day on the Hill event. Throughout the day, TSCPA members met with legislators to discuss issues of importance to the CPA profession in Tennessee.
In their meetings with legislators, participants expressed TSCPA’s thanks to the General Assembly for its support of the Less is More Act of 2025. The act instituted an additional pathway to CPA licensure and established Tennessee as a leader in broadening access to the CPA profession. Participants also showed TSCPA’s support for HB 0477/SB 0032, a bill being led by the Tennessee Chamber of Commerce regarding tax rules for bonus depreciation.
“Due to changes resulting from the One Big Beautiful Bill Act, Tennessee’s treatment of bonus depreciation is no longer coupled with federal treatment, which creates unnecessary complexity for Tennessee taxpayers,” said TSCPA President/CEO Kara Fitzgerald, CPA, CGMA, CAE. “This legislation would align the state’s bonus depreciation provisions with federal law, allowing Tennessee businesses to focus on growth and investment.”
Throughout the day, participants met with over 30 legislators, including Lt. Gov. Randy McNally, Speaker of the House Cameron Sexton, Government Operations Committee Chair Justin Lafferty, House Majority Leader William Lamberth and Senate Majority Leader Jack Johnson. Additionally, the group met with Tennessee Comptroller of the Treasury Jason Mumpower, Commissioner of the Tennessee Department of Revenue David Gerregano, and Deputy Director of the Tennessee Comptroller's Division of Investigations Christy Tennant.
“One of TSCPA’s goals is to be a resource for state lawmakers on business and tax matters, as our members possess a unique combination of financial and analytical skills that can assist with the review of legislation,” said Fitzgerald. “Day on the Hill is a way for TSCPA members to impact not only the accounting profession in our state but also Tennessee’s business environment as a whole.”
This is the fourth year TSCPA has held its Day on the Hill event in Nashville. For more information on the event or on TSCPA’s advocacy work, email tscpa@tscpa.com or call 615-377-3825.
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