Image: Tennessee Rep. William Lamberth, R-Portland, presents a franchise tax refund and repeal bill in the House Finance, Ways and Means Subcommittee. Image Credit: capitol.tn.gov The Center Square [By Jon Styf] – Tennessee’s franchise tax repeal and rebate appears headed to conference committee after the Senate refused to concur with House amendments Thursday. The House […]
Litigation believed likely if House version becomes law. Photo: What the heck’s in this thing? Sens. Bo Watson, R-Hixon, and John Stevens, R-Hungtindon, review Gov. Bill Lee’s budget amendment. Photo Credit: John Partipilo By Sam Stockard [Tennessee Lookout – CC BY-NC-ND 4.0] – House and Senate leaders are battling over the details of a franchise […]
Image Credit: capitol.tn.gov The Center Square [By Jon Styf] – The Tennessee House moved forward with its franchise tax repeal and refund, passing the bill 68-20 and sending it back to the Senate with a much lower fiscal note. The House version of Senate Bill 2103 would refund $713.6 million or one year of franchise […]
The House bill still differs from Senate version and could go to conference committee. Photo: Rep. John Ray Clemmons, D-Nashville, proposed an alternative tax solution that he said would solve any challenges to the state’s franchise tax by offering tax credits, without a “significant” cost. Photo Credit: John Partipilo By Sam Stockard [Tennessee Lookout – […]
House, Senate remain far apart on legislation. Photo: The Tennessee House of Representatives on the first day of the 2024 legislative session. Photo Credit: John Partipilo By Sam Stockard [Tennessee Lookout – CC BY-NC-ND 4.0] – The House is maintaining its distance from the Senate with a franchise tax cut that would give one-year rebates […]
Image Credit: capitol.tn.gov The Center Square [By Jon Styf] – A bill to repeal and refund Tennessee’s franchise tax has two significant changes in the House. House Bill 1893 requires a list of companies receiving a portion of the $813.5 million refund to be named on the website of Tennessee’s Department of Economic and Community […]
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 […]
Mark Your Calendar! “Protect Tennessee’s Borders Rally” on March 20th! 99% of GOP Primary Voters Disagree with TNGOP Leadership on Illegal Immigration Bill to Prohibit Evil Hospitals from Letting Patients Die Alone Passes TN Senate & More! & More In The Tennessee Conservative’s Big 7 Weekend Digest! Like what we’re doing & want us to stick around? […]
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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