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 Tennessee bill banning incentives for companies from countries of concern advanced in Senate committee after another costly part of the bill was removed. Senate Bill 2426 previously banned tax credits for companies already receiving credits that are from China, Russia, Iran, North Korea, Cuba, […]
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: Tennessee Comptroller Jason Mumpower, second from left, talks during the Funding Board meeting on Monday, March 25, 2024. Image Credit: Tennessee Funding Board The Center Square [By Jon Styf] – The Tennessee State Funding Board approved $10.3 million in incentives for seven companies at its Monday afternoon meeting. The largest was $3.4 million to […]
Tennessee Legislation With The Goal To Block Transparency Of Records In Department Of Tourist Development As New Stadium and Future Super Bowl Prospects Expect To Bring Billions In New Tax Revenue Advances Toward Passage Into Law. Image Credit: capitol.tn.gov The Tennessee Conservative [By Kelly M. Jackson] – Legislation that would enable state government to obscure […]
Image Credit: Canva The Center Square [By Jon Styf] – Tennessee’s Department of Economic and Community Development has handed out more than $8.8 million in incentives since it last posted FastTrack incentives for February. Those include $3.4 million to Schneider Electric in Mount Juliet and Smyrna, $2.5 million to Shoals Technologies Group in Portland, $1.6 […]
Image Credit: tn.gov The Tennessee Conservative Staff – Recently proposed legislation would allow the Tennessee Department of Tourist Development to keep records hidden from the public at the discretion of the attorney general and tourism commissioner. House Bill 1692 (HB1692), sponsored by Representative William Lamberth (R-Portland-District 44), would allow those records to be exempt from […]
Image Credit: Erik Mclean / Pexels The Center Square [By Jon Styf] – Tennessee has committed to hand out $17.9 million in grants for the development of 12 sites in order to prepare those sites for potential businesses. The grants are part of the Tennessee Department of Economic and Community Development’s Site Development Grant program, […]
Image Credit: Erik Mclean / Unsplash The Center Square [By Jon Styf] – Custom Foods of America in Knoxville will receive a $1.5 million incentive while NewBasis in Lebanon will get $900,000 from Tennessee’s Department of Economic and Community Development as more than $10 million in incentives were approved unanimously without board discussion at Thursday’s […]
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