Image: SB2103 Sponsor, Senator Jack Johnson (R-Franklin-Distirct 27) Image Credit: @CSexton25 / X The Center Square [By Jon Styf] – The Tennessee Senate passed a bill that would end a franchise tax on business property in the state along with refunding as much as $1.6 billion to businesses that previously paid the tax. Senate Bill […]
Image Credit: Canva The Center Square [By Jon Styf] – An estimated $1.2 billion franchise tax refund to businesses is scheduled to be voted on for the first time in the Tennessee Legislature next week after the Senate Finance Ways and Means Subcommittee heard details of the proposal. The refund could cost the state up […]
Image Credit: Canva Tennessee Department of Revenue Press Release – It’s almost time to file your 2023 business tax return. Thanks to recent legislation, beginning this year over 100,000 small businesses will no longer be required to file a return and pay this tax. The Tennessee Works Tax Act eliminated the annual business tax filing […]
Image Credit: Gov. Bill Lee / Facebook The Tennessee Conservative Staff – State officials are refusing to provide information regarding Governor Bill Lee’s decision to include a $1.6 billion tax cut and refund for businesses. According to Finance Commissioner Jim Bryson, Governor Lee included the tax refunds, plus an additional $400 million recurring franchise tax […]
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