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 – […]
Image Credit: John Partipilo By Adam Friedman [Tennessee Lookout -CC BY-NC-ND 4.0] – Unlike in previous years, when Tennessee’s coffers were flush with cash, the state budget will likely play a much more central role in this year’s legislative session as Gov. Bill Lee proposes spending down cash reserves for more business tax cuts and his […]
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 […]
Could a tax credit system solve the franchise taxes commerce clause debate while limiting the amount of revenue the state loses? Photo: Gov. Bill Lee, front, flanked by House Speaker Cameron Sexton, left, and Lt. Gov. Randy McNally, right. Photo Credit: John Partipilo By Adam Friedman [Tennessee Lookout -CC BY-NC-ND 4.0] – As Tennessee faces a […]
Image Credit: Antony-22 / CC The Center Square [By Jon Styf] – Tennessee’s 2024 legislative session will begin Tuesday with the Republican party looking to pass a budget, statewide K-12 education savings accounts, business tax cuts, enhanced school safety measures, certificate-of-need reform and health care funding. On Monday, House leadership discussed rules for session including […]
Welcome, Login to your account.
Welcome, Create your new account
A password will be e-mailed to you.