Tennessee lawmakers still at odds over business tax cut as session enters final days • Tennessee Lookout
House and Senate lawmakers are still in disagreement over Tennessee Gov. Bill Lee’s .9 billion business tax cut proposal. The sticking points include how many years of refunds to give and a requirement in the House version for the revenue department to disclose the names and amounts of refunds companies receive. Both versions would eliminate the property portion of the state’s franchise tax, resulting in 0 million in annual lost revenue for the state. The Senate passed a version similar to Lee’s proposal, offering three years of refunds without requiring disclosure of recipients. The House version offers 1-2 years of refunds and includes the disclosure requirement. The conference committee is working to resolve the differences between the two versions.