state taxes

TN Supreme Court rejects refund of liquor stores’ overpaid taxes

Press release from Administrative Office of the Courts

Nashville, Tenn. – In a unanimous opinion, the Tennessee Supreme Court ruled that a taxpayer must pay disputed municipal taxes under protest before suing for a refund.

The city of Morristown, based on a state statute, adopted an ordinance imposing an inspection fee on licensed alcoholic beverage retailers. The city set the fee at 8 percent of the wholesale price based on the county’s population. By 2011, the county’s population increased, and under the ordinance, the inspection fee should have decreased to a maximum fee of 5 percent of the wholesale price. However, from 2011–2014, the city of Morristown continued to charge alcoholic beverage retailers 8 percent inspection fees instead of the authorized 5 percent fees.  Continue reading

December state revenue $171.6M over budget estimate

Press release from Department of Finance and Administration

NASHVILLE, Tenn. –  Tennessee Department of Finance and Administration Commissioner Larry Martin announced today that revenues for December posted higher than expected and exceeded the monthly revenues from the previous year.  State revenues for December were $1.4 billion, which is a growth of 11.34 percent and $139.9 million more than December 2016.

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U.S. Supreme Court takes up state sales tax dispute; Haslam and Slatery hopeful

Gov. Bill Haslam and state Attorney General Herbert Slatery are both hailing the U.S. Supreme Court’s decision to hear arguments in a case they hope will authorize states to require retailers to collect sales taxes even if they have no physical presence within the state, reports the Times Free Press.

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Airbnb to begin collecting taxes for state Department of Revenue

Airbnb will collect state and local sales taxes from the 7,700 Tennesseans who rent their homes through the online company and send the money to the state Department of Revenue under an agreement reached Wednesday, reports The Tennessean. Currently, each individual Airbnb host is responsible for collecting and remitting the taxes.

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State revenue was a bit below estimates in November ($4.1M)

Press release from Department of Finance and Administration

NASHVILLE, Tenn. – Tennessee Department of Finance and Administration Commissioner Larry Martin announced Thursday that overall November state revenues were $957.3 million, which is 5.55 percent more than November 2016, but $4.1 million less than the budgeted estimate.

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Blackburn online Senate campaign ad (she opposed TN income tax)

In this online video for her U.S. Senate campaign, Rep. Marsha Blackburn points to her opposition to a state income tax while she was a state senator and takes a swat at TennCare in the process. She says the tax was proposed by a governor (Republican Don Sunquist, not mentioned in the video) “trying to pay for this test case for Hillary Care, which was called TennCare.”

Hall tax repeal prompts letter-writing war between GOP legislators and Democrats

A letter-writing war has been underway in recent editions of The Cleveland Daily Banner between Republican state legislators representing Bradley County and Democrats. A letter from state Democratic  Chair Mary Mancini was the latest episode and prompted the newspaper to do a roundup story that chronicles the back-and-forth written sniping.

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Legislator proposes to stop $30M in fees paid by local governments to state Dept. of Revenue

State Rep. Jason Zachary, working with Knox County Commissioner  John Schoonmaker, is making plans to eliminate a fee charged local governments by the state Department of Revenue for collecting local sales taxes and distributing the money to counties and cities, reports the News Sentinel.

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Corker seeks inclusion of ‘backstop’ in Senate tax overhaul; otherwise ‘very possible’ he’ll vote no

U.S. Senate Republican leaders are considering last-minute changes in federal tax overhaul legislation, including a provision pushed by Tennessee’s Bob Corker that could eliminate some tax cuts if the new law winds up adding more to the federal deficit than projected, reports Politico.

Two critical Republican swing votes, Ron Johnson of Wisconsin and Bob Corker of Tennessee, on Monday left open the possibility that they could vote against the tax plan in a key committee vote scheduled for Tuesday if changes weren’t made to their liking. That would tank the bill before it could reach the floor, putting more pressure on leadership to quickly make revisions.

…A handful of deficit hawks — including Corker and Sens. Jeff Flake of Arizona and James Lankford of Oklahoma — are discussing a trigger mechanism that would kick in and potentially change tax rates if the economic growth needed to defray the cost of the tax overhaul doesn’t materialize.

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Black, Harwell and Fitzhugh release income tax info; other gubernatorial candidates refuse

Four of the seven major candidates for Tennessee governor have turned down a Tennessean request to make public details of their federal income tax returns.

U.S. Rep. Diane Black and fellow Republican state House Speaker Beth Harwell provided financial summaries. Of the other Republican candidates Mae Beavers, Randy Boyd and Bill Lee declined – though Boyd indicated he may reconsider in the future.

On the Democrat side, House Minority Leader Craig Fitzhugh released a copy of his 2016 return and former Nashville Mayor Karl Dean declined the request, though indicating he may reconsider later.

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