Hall clutter: Multiple measures to cut investment tax
Tweet While there is a strong inclination among Republican legislators to do something toward reducing or eliminating the state’s tax on investment income this year, there seems no consensus at all on...
View ArticleNew ‘urgency’ on dealing with gas taxes?
Tweet Deputy Governor Jim Henry left some legislators with the impression the Haslam administration is having second thoughts about putting off a push for enhancing revenue for the state’s highway...
View ArticleHaslam aide: No urgency on gas taxes this year
Tweet Gov. Bill Haslam’s administration is walking back remarks by the governor’s top deputy indicating a last-minute legislative push for new taxes to fund a revamped road program, reports the...
View ArticleDemocrats push tax cut for feminine hygiene products, diapers
Tweet News release from Senate Democratic Caucus NASHVILLE – Following discussion of several proposals to cut the Hall tax on stock dividends, state Sen. Sara Kyle and state Rep. Sherry Jones have...
View ArticleWith erectile dysfunction bill down, Democrats try ‘tampon tax’ cut
Tweet While a House subcommittee killed last week a proposal from two Democratic women to put new restrictions on erectile dysfunction medications, they are now pushing legislation that would reduce...
View ArticleBeverage tax, ‘temporary’ since 1981, renewed again
Tweet NASHVILLE, Tenn. (AP) — Tennessee’s “temporary” tax used to pay for roadside cleanup would extend into its fourth decade under a bill advancing in the state Legislature. The tax on beer and soft...
View ArticleGas tax effort this year? Gov says maybe, maybe not
Tweet NASHVILLE, Tenn. (AP) — Republican Gov. Bill Haslam’s on-again, off-again gas tax hike could return this year. Maybe. The governor spent much of last fall traveling across the state to draw...
View ArticleGovernor favors letting local governments tax gas
Tweet NASHVILLE, Tenn. (AP) — Republican Gov. Bill Haslam said Monday that he supports giving cities and counties the power to levy their own gas taxes to help pay for transportation needs. The...
View ArticleRepeal of newspaper tax exemption abandoned
Tweet NASHVILLE, Tenn. (AP) — The sponsor of a proposal to end a Tennessee sales tax exemption for newspapers has removed the bill from consideration for the year. State Sen. Todd Gardenhire said he...
View ArticleMcCormick drops bill inspired by Armstrong case
Tweet House Majority Leader Gerald McCormick has dropped an effort to change state law so that future legislators would be prohibited from dealing in cigarette tax stamps as Rep. Joe Armstrong is...
View ArticleState wins $13M tax fight with Verizon Wireless
Tweet News release from Administrative Office of the Courts Nashville, Tenn. – The Tennessee Supreme Court has upheld a decision by the Tennessee Department of Revenue to impose a tax variance on the...
View ArticleLegislature approves state budget, cut in Hall income tax
Tweet By Eric Schelzig, Associated Press NASHVILLE, Tenn. — State lawmakers on Thursday approved a nearly $35 billion annual spending plan for the budget year beginning July 1, sending the measure to...
View Article‘Bike trail bill’ taken off the legislative road
Tweet A controversial legislative bill restricting Tennessee cities and counties’ use of gas taxes for parks, greenways, bike lanes and similar infrastructure is dead for the year, reports the...
View ArticleLegislature raises fees for county audits, sets up historic preservation funds
Tweet Legislation raising fees that counties pay for audits by the comptroller’s office and diverting new revenue from the state’s real estate transfer tax to historic preservation funds has won...
View ArticleFinal approval given bill to legalize and tax fantasy sports betting
Tweet By Sheila Burke, Associated Press NASHVILLE, Tenn. — Tennessee’s Legislature passed a bill that would make clear that fantasy sports betting is legal, but would also regulate it and put a tax on...
View ArticleLegislature votes to repeal Hall tax on investment income
Tweet The House and Senate voted Friday to repeal the state’s Hall tax on investment income, now at 6 percent, over a period the next six years at the rate of 1 percent per year. From the Richard...
View ArticleSunday column: Politics makes veto of Hall repeal unlikely
Tweet After decades of justified bipartisan bragging on Tennessee’s fiscally conservative status, our state legislators enthusiastically embraced deficit spending this year on a somewhat bipartisan...
View ArticleHaslam signs Hall tax repeal despite misgivings; reaction rundown
Tweet NASHVILLE, Tenn. (AP) — Republican Gov. Bill Haslam has signed a bill into law that will phase out the state’s Hall tax on earnings from stocks and bonds. The law reduces the tax by 1 percentage...
View ArticleMemphis refunds $2.38M in ‘jock tax’ collections
Tweet As the clock runs out this week on Tennessee’s infamous “jock tax,” the city of Memphis is about to turn over $2.38 million to more than 900 professional basketball players as part of a 2015...
View ArticleHaslam: Legislators ready to cut spending to cover lost Hall tax revenue
Tweet In a Knoxville appearance Tuesday, Gov. Bill Haslam said legislative leaders have assured him they will be ready to cut state spending to make up for loss of revenue from the Hall tax on...
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