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Lawmakers pass bill that gives businesses a $1.5-billion tax break last day of session

Lawmakers pass bill that gives businesses a $1.5-billion tax break last day of session
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Tennessee lawmakers agree to a second billion-dollar tax break for businesses in as many years

Tennessee lawmakers have officially agreed to eliminate a portion of the state’s business tax one year after making several costly changes to the same tax. Estimates from the general assembly’s fiscal review committee show that the two cuts and an additional refund approved this year will cost the state at least $7.4 billion in the future. Tennessee traditionally […] The post Tennessee lawmakers agree to a second billion-dollar tax break for businesses in as many years appeared first on Tennesse ....

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Tennessee lawmakers adjourn after finalizing $1.9B tax cut and refund for businesses

Tennessee's GOP-controlled General Assembly on Thursday adjourned for the year, concluding months of tense political infighting that doomed Republican Gov. Bill Lee's universal school voucher push. For months, Lee declared enacting universal school vouchers his top priority for the legislative session. At the same time, he warned that lawmakers must pass the major tax cut and refund for businesses to prevent a potential lawsuit as critics alleged the state violated the U.S. Constitution. ....

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