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: Tennessee Department of Finance and Administration / Facebook The Center Square [By Jon Styf] – Tennessee has now collected $279.9 million less than budgeted through the first five months of the fiscal year. December’s $1.9 billion in collections were $82.5 million less than budgeted In numbers released Friday afternoon. The December collections were […]
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