Tennessee’s finances may not be perfect, but they’re in “good, sound fiscal condition,” according to the state’s top auditor.
“Let’s not mess it up,” Comptroller Justin Wilson told members of the House…
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tax
The governor said the state sales tax on food should be reduced to 5.3 percent, and that people inheriting up to $1.25 million should be exempt from the state’s inheritance tax. Haslam’s legislative agenda also hit on flexibility in school salaries, state hiring.
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Former Gov. Phil Bredesen said a report critical of the tax variances awarded by former Revenue Commissioner Reagan Farr was motivated by politics. Bredesen made the comments following a discussion Tuesday with students at the University of the South in Sewanee.
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The governor’s administration is in talks with Amazon over whether the company should have to collect sales taxes on transactions in Tennessee. Any agreement struck with the company would be made public, he said.
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Republicans for years pushed for a tax cut on groceries. Now that they’re in control of state government, their appetite for relief has dulled some.
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Officials who decide how much the state should expect to collect in tax revenue each year put off making those predictions today, citing this week’s closure of Tennessee Tower for delaying the…
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Press Release from the State of Tennessee, Jul 01, 2010:
NASHVILLE – TennCare announced today that federal officials have approved Tennessee’s proposal to draw federal matching dollars in association with a new hospital assessment…
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Press Release from House Democratic Leader Rep. Gary Odom, D-Nashville; June 8, 2010:
Tax Rebates on Appliances, Building Materials, Furniture Approved by State Legislature
(Nashville) — A proposal to assist the recovery…
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Press Release from House Democratic Caucus; May 12, 2010:
Leaders to Roll Out Alternative to Republican Budget
NASHVILLE (May 12) – House Democrats on Wednesday announced a push to stand up for…
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State of Tennessee Press Release; May 12, 2010:
NASHVILLE – Tennessee revenue collections improved in April with a net positive growth of 2.23% over April collections one year ago. Finance and Administration…
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Republicans may need more time to deliver an alternative to Gov. Phil Bredesen’s tax plan. The release of their counter proposal may be pushed back to later this week or possibly next, says a spokesman for the Senate Speaker.
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