business

AG contradicts Jack Daniels’ bill — says whiskey barrels can be taxed

A legal opinion from the state attorney general’s office says the barrels used to age whiskey in Tennessee distilleries are subject to property taxes paid by businesses, despite a contention to the contrary in a bill pending before the General Assembly.

Producers of Jack Daniels whiskey have been pushing the bill (SB2076) since officials in Moore County laid plans to begin applying the tax to aging barrels, something not done in the past. The fiscal note prepared by legislative staff estimates that would mean about $2.8 million in new revenue for Tennessee’s smallest county.

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Slatery among critics of federal move to block state oversight of student loan collectors

The Trump administration is taking steps to shield student loan collection companies from state regulators, over the objections of consumer advocates and even some Republican attorneys general, reports Politico. Tennessee AG Herbert Slatery is one of them.

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Boyd company gets third TN base in minor league baseball management

Boyd Sports, owned by Tennessee gubernatorial candidate Randy Boyd, is taking over management of the Greeneville Reds. It will be the third minor league baseball team in Tennessee to have an agreement with the Knoxville company, reports the Greeneville Sun.

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Politico: TN one of six states with no enforcement of minimum wage rules

Excerpt from a Sunday Politico piece:

As Democrats make raising the minimum wage a centerpiece of their 2018 campaigns, and Republicans call for states to handle the issue, both are missing an important problem: Wage laws are poorly enforced, with workers often unable to recover back pay even after the government rules in their favor.

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TN Tech research used in lobbying ‘eviscerated’ by some professors

“Growing faculty outrage” prompted a Tennessee Technological University internal investigation into the validity of the school research that was financed by a Tennessee company, then used by U.S. Rep. Diane Black in supporting the company’s viewpoint on federal air pollution regulations, reports The Tennessean. Tech’s president suggests the internal review may “exonerate the innocent.”

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Jury finds former Pilot Flying J president guilty of fraud, conspiracy and witness tampering

A federal jury Thursday convicted the former president Pilot Flying J, the nation’s largest diesel fuel retailer, in a plot to rip off truckers to boost both his own bottom line and that of the company, reports the News Sentinel.

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Senate approves revision in rules for online job contract companies

After a half-hour of debate, the state Senate approved 25-3 Monday night a bill that revises legal restrictions for online “marketplace platform” companies that collect a fee for putting those needing temporary work performed in touch with persons willing to do the job – TaskRabbit, for example.

The bill’s sponsor, Republican Sen. Bo Watson of Hixson, says it’s a business-friendly update to the realities of today’s technology and increasing use of contract services. Critics contend it undermines protections for both workers and those who hire them.

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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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There’s now a ‘Business Leaders for Bill Lee Coalition’

Press release from Bill Lee campaign

FRANKLIN, Tenn. – Today, Williamson County businessman and farmer Bill Lee announced over 100 business leaders from across Tennessee have joined to form the Business Leaders for Bill Lee Coalition. The group, encompassing every corner of the state, will serve in an advisory role to Lee on business and economic development issues and help spread Bill’s ideas within their professional and local communities.

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Nashville getting Major League Soccer team

Press release from Major League Soccer

NASHVILLE – (December 20, 2017) – Major League Soccer Commissioner Don Garber today announced that the historic and culturally dynamic city of Nashville, Tennessee has been awarded an MLS expansion club.

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