Tennessee Collects $1.1B In March Sales Tax, Beats Budget On Collections
Tennessee Collected Nearly $1.7 Billion In Taxes And Fees In March, Which Was $17.6 Million Higher Than Estimated And $55.1 Million Higher Than March 2023.
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Tax Revenue
American Legislative Exchange Council Ranks Tennessee 12th In Economic Competitiveness Index
Tennessee Ranks 12th In The New Economic Outlook Rankings From The American Legislative Exchange Council.
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Tennessee Collected $7M In Taxes On $380M In Sports Wagers In February
Tennessee Collected Nearly $7 Million In Taxes On More Than $380 Million Worth Of Sports Wagers Placed In The State In February.
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Tennessee’s February Tax Collections Fall $60M Short Of Budget
Tennessee Missed Its Budgeted Estimates For Tax Collections By Nearly $60 Million In February.
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Tennessee Tax Collections $378M Short Of Budget Through 6 Months Of Fiscal Year
Tennessee’s January Tax Collections Were $98 Million Less Than Budgeted But Up $15.8 Million From 2023.
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Tennessee Looks To Divert Sports Wagering Taxes To Promise Completion Grants
A Proposal Aimed At Helping Low-Income Students Complete Their Degrees Through The Tennessee Promise Scholarship Program Will Soon Be Heard In The Tennessee Legislature.
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Tennessee Reports $474M In Sports Wagers, $8.6M In Taxes For January
Tennessee Saw $467 Million In Gross Wagers And $8.6 Million In Privilege Tax Paid In January, Making It The Third Highest Amount Of Wagers The State Has Seen Since Betting Began In November 2020.
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“Sluggish” Revenue Gives Some Tennessee Lawmakers Pause Regarding Gov. Lee’s School Voucher Plan
Facing A $610 Million Budget Shortfall And Potential Business Tax Cut, Some Tennessee Lawmakers Are Leery Of Enacting Gov. Bill Lee’s Entire Private-School Voucher Proposal.
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Tax Expert Says Tennessee Is Caving To Businesses On Tax Cut, $1B Refunds, Offers Another Option
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 Senate Finance Chair Vows Downward Budget Adjustments
Tennessee’s Senate Finance Chair Bo Watson Said Budget Adjustments Will Be Made Because The State Is $280 Million Behind Its Budgeted Estimates On Tax Collections Through The First Five Months Of The Fiscal Year.
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