Comments: TN SB0839 | 2015-2016 | 109th General Assembly
Bill Title: As introduced, contingent upon revenue growth exceeding three percent in any fiscal year, reduces the Hall income tax, which is presently levied by the state, until it reaches zero percent; upon the state tax rate reaching zero percent, allows local governments to levy a like tax not to exceed 2.25 percent, if the ordinance or resolution levying the tax is approved within two years. - Amends TCA Title 67, Chapter 2.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2016-02-23 - Refer to Senate Finance, Ways, and Means Committee with recommendation [SB0839 Detail]
Text: Latest bill text (Draft #1) [PDF]
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2016-02-23 - Refer to Senate Finance, Ways, and Means Committee with recommendation [SB0839 Detail]
Text: Latest bill text (Draft #1) [PDF]
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