Tennessee Opens Applications For $1.6B Franchise Tax Refund
Tennessee Has Opened The Claim Period For Businesses To Collect Up To $1.6 Billion In Refunds For The Property Portion Of Franchise Tax Payments To The State.
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franchise tax
Tennessee April Tax Collections $74.2M Short Of Budgeted Estimates
Tennessee Collected $74.2 Million Less Than The Budgeted Estimate In Taxes And Fees In April.
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Gov. Lee Signs $1.6B Franchise Tax Refund, $400K Repeal Into Law
The Property Portion Of Tennessee’s Franchise Tax Has Been Repealed And Businesses Will Be Eligible For A Rebate Of Up To Three Years Of Those Taxes.The Rebate Could Cost The State Up To $1.6 Billion.
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Late Session Tennessee Bills Make Way Through Signing Process
A Stack Of Late-Session Bills Is Making Its Way Through The Signing Process Before They Can Become Law In Tennessee. Bills Must Pass The Legislature, Get Enrolled And Signed By House Speaker Cameron Sexton And Lieutenant Gov. Randy McNally Before Being Sent To Lee.
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Tennessee Will Give $1.6B Franchise Tax Refund & Post The Names Of The Recipients
A Conference Committee On The Repeal And Rebate Of Tennessee’s Business Franchise Tax Agreed On A Full Three-Year Refund Of The Tax Worth $1.6 Billion And A Level Of Transparency On Who Will Receive Those Rebates.
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As Tennessee Legislators Continue To Debate $1.5B Franchise Tax Rebate, Records Indicate Most Money Will Go Out-Of-State
New Records Indicate That The $1.9 Franchise Tax Change Being Finalized During The General Session Was Initiated By Requests From 24 Businesses, And, If Approved, Most Of That Money Would Not Even Stay In Tennessee.
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Governor Lee Voices Opposition To House GOP’s “Non-Negotiable” Franchise Tax Transparency Measure
As The General Assembly’s Attempt At A Franchise Tax Repeal And Rebate For The State Of Tennessee Awaits A Compromise Via Conference Committee, Gov. Bill Lee Has Voiced His Opposition To The House Version Of The Legislation.
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Busy Week Awaits For The Tennessee Legislature
Several Pieces Of Tennessee Legislation Could See Action This Week, With The Bills Either Held From Long Calendars Or Intentionally Delayed For Further Discussion.
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Tennessee Franchise Tax Repeal, Refund Appears To Be Headed To Conference Committee
Tennessee’s Franchise Tax Repeal And Rebate Appears Headed To Conference Committee After The Senate Refused To Concur With House Amendments Thursday.
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Senate, House Leaders Struggle With Details On Tennessee’s Billion-Dollar Business Tax Break
Tennessee House And Senate Leaders Are Battling Over The Details Of A Franchise Tax Tax Break, With Some Predicting Litigation Is Guaranteed If Lawmakers Approve The House’s Shorter Rebate Time Frame And “Transparency” Provision.
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