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Reduction in Tennessee State Budget Outlook and Tackling the Franchise Tax Problem

Lower-than-expected growth in the Tennessee economy has resulted in a slight decline in tax revenues thus far this fiscal year. Further complicating matters, state officials also recently disclosed a potential legal problem...more

Legislation To Be Filed Addressing Potential Constitutional Issue with Franchise Tax

On January 4, 2024, Tennessee Governor Bill Lee announced plans to amend the Tennessee franchise tax to simplify the calculation of the franchise tax to "in effect give tax relief to businesses that are invested in our...more

A Preview of the 113th Tennessee General Assembly: Second Regular Session

The second regular session of the 113th Tennessee General Assembly will convene on Tuesday, January 9 at 12:00 p.m. Central. As members return, details of the recently announced ten-year $15 billion transportation project, as...more

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