Before the final buzzer sounded, the Tennessee House and Senate came to agreement on what to do with the state’s business franchise tax.
Tennessee passes $52.8B budget as discussions linger on school choice and business taxes
State lawmakers agreed on a $52.8 billion budget Thursday. Of that, more than $1.5 billion could be put aside for businesses that are expected to request refunds under the state’s previous franchise tax rules, and a school choice bill.
TN House and Senate search for compromise on two major bills as session nears its end
Leaders of the Tennessee House and Senate have said they are meeting privately to discuss compromises on two bills.
Tennessee Senate advances nearly $2 billion business tax cut, refund to prevent lawsuit
The Tennessee Senate has approved a nearly $2 billion tax and refund for businesses, a proposal designed to prevent threats of a potential lawsuit. However, critics warn the so-called solution was rushed without being properly vetted and shrouded in mystery.
Legal worries have Tennessee considering changes to a long-running tax on businesses
Tennessee is remodeling it’s franchise tax, which businesses pay to operate in the state. Along with the reform, they are planning to set aside more than a billion dollars for companies who have raised concerns about the way the tax is calculated.
The IRS is piloting new software that could let you file your taxes for free
Direct File will be open only to people with certain tax situations living in certain states at the outset. The free service has been criticized by Republicans and tax preparation companies.
Tennesseans hit by disasters in 14 counties are eligible for a tax extension
Tennessee victims of recent natural disasters are receiving some relief when it comes to their taxes. Tax returns are technically due next week, but residents and businesses from disaster-stricken counties now have an extra month to file.
It’s tax season! Here’s what stumped ‘This Is Nashville’ listeners when filing their 2021 taxes
Budget Crunch panelists Lucia White, a former bank teller and personal budgeting enthusiast, and Chanon MacDonald, an associate planner at TrustCore pursuing her CFP license, answered listener-generated questions on This Is Nashville.
Crunching budgets and getting curious about Bell Road
It’s tax time — one of our only sure things in life. It’s amazing we all make it through each year since the process often seems needlessly complicated. On this first round of a new segment we’re calling Budget Crunch, we’ll invite a few panelists to answer some of your questions this filing season.
After Lean Years, Nashville’s Council Approves Higher Spending On Schools, Fire And Police
In Nashville’s final budget, residents will get more firefighters and paramedics, permanent curbside pickup at library branches and higher funding of public schools.
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