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 […]
Back in 2019, Berkeley, CA became the first city in the country to pass an ordinance banning natural gas in newly constructed buildings. That obviously meant no gas appliances in these new buildings. But before the ordinance even took effect the city was sued. There were twists and turns in the story but about a […]
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: Sen. Joey Hensley, Senate Revenue Subcommittee chair Image Credit: capitol.tn.gov The Center Square [By Jon Styf] – A bill that would end Tennessee’s professional privilege tax advanced through subcommittee with a negative recommendation on Tuesday. Tennessee currently charges individuals in five professions $400 annually. Those professions include lobbyists, attorneys and agents, broker-dealers and investment […]
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 […]
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