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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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 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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Republican-Led Bills With Subjects Ranging From Election Integrity, Employee Medical Freedom, Natural Immunity, Penalties For Sexual Predators To E-Verify, And Vehicle Sales Tax Exemption For Members Of The Tennessee National Guard Are All Soon-To-Be Up For Debate In The Tennessee General Assembly.
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