Tennessee Conservative
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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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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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’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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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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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.
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The Tennessee House Passed A Franchise Tax Reduction That Amounts To $700 Million In Rebates And $400 Million Annually For The Next Few Years, Even Though Critics Said It Is Unnecessary.
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The Tennessee House Is Maintaining Its Distance From The Senate With A Franchise Tax Cut That Would Give One-Year Rebates Totaling $700 Million, In Addition To Requiring Businesses That Seek The Money To Be Identified On The State’s Website.
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A Bill To Repeal And Refund Tennessee’s Franchise Tax Has Two Significant Changes In The House.
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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.
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