Bill Title: As enacted, reduces Hall income tax from six percent to five percent; expresses legislative intent that the tax be statutorily reduced by one percent annually beginning with the first annual session of the 110th general assembly; eliminates the tax for tax years beginning on or after January 1, 2022. - Amends TCA Title 67, Chapter 2.

Spectrum: Partisan Bill (Republican 26-1)

Status: (Passed) 2016-05-23 - Pub. Ch. 1064 [SB0047 Detail]

Text: Latest bill text (Draft #1) [PDF]

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