See Local News
Get Balanced News From Your U.S. State.
See Local News
See all locals

House, Senate not finding common ground on franchise tax cut

Posted on AllSides March 22nd, 2024
From The Center

NASHVILLE, Tenn. (WKRN) — Tennessee’s franchise tax on businesses is based on their property in the state. But a new bill from Governor Bill Lee‘s office is set to do two things – refund businesses back three years who have paid a franchise tax and then also cut the tax moving forward. It’s over a billion dollars for the refund and about $400 million each year after that. “This is the right solution for the problem that was presented to us as a state,” Gov. Bill Lee (R-Tennessee) said. “This...

Read full story

AllSides Picks

More News about Politics from the Left, Center and Right

From the Left

From the Center

From the Right