Tennessee Conservative
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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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.
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Mark Your Calendar! “Protect Tennessee’s Borders Rally” On March 20th!
99% Of GOP Primary Voters Disagree With TNGOP Leadership On Illegal Immigration
Bill To Prohibit Evil Hospitals From Letting Patients Die Alone Passes TN Senate & More!
& More In The Tennessee Conservative’s Big 7 Weekend Digest!
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State Officials Are Refusing To Provide Information Regarding Governor Bill Lee’s Decision To Include A $1.6 Billion Tax Cut And Refund For Businesses.
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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 School Voucher Proposal.
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Tennessee Gov. Bill Lee’s Budget Proposal Includes A $410 Million Annual Tax Cut That Includes $1.2 Billion In One-Time Costs.
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As Tennessee Faces A Tighter Budget In 2024, Gov. Bill Lee’s Administration Plans To Move Forward With A Significant Tax Cut And Refund For Businesses, Selling It As A “Necessary Legislative Fix” To Avoid A Legal Challenge. But Not Everyone Agrees It’s Necessary.
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Tennessee Has Now Collected $279.9 Million Less Than Budgeted Through The First Five Months Of The Fiscal Year.
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Two Things Have Driven Tennessee’s Massive Rise In State Revenues Over The Past Five Years: The Ability To Collect Taxes On Internet Sales And An Enormous Growth In Franchise And Excise Tax Collections. But As The Online Sales Tax Money Becomes A Normal Part Of The State Budget And Lawmakers’ 2023 Franchise And Excise Tax Cuts Go Into Effect, The Days Of Significant Revenue Growth Are Likely In The Rearview Mirror.
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Tennessee Has Collected $2.3 Billion More Than Budgeted In Taxes And Fees Through The First 11 Months Of The Fiscal Year.
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