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 […]
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 […]
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 […]
Image Credit: Gov. Bill Lee / Facebook The Center Square [By Jon Styf] – Tennessee Gov. Bill Lee’s budget proposal includes a $410 million annual tax cut that includes $1.2 billion in one-time costs. Overall, the budget proposal is for $52.6 billion with $25.4 billion from the state and $19.8 billion from federal funds. The […]
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