Legislative chambers remain far apart on legislation
Today at 5:57 p.m.
Sam Stockard / Tennessee Lookout
The Tennessee House is maintaining its distance from the Senate with a franchise tax cut that would give one-year rebates totaling $700 million, in addition to requiring businesses that seek the money to be identified on the state’s website.
House finance committee members approved the measure Tuesday on a voice vote, sending House Bill 1893 to the floor for consideration.
The move came even though Democratic Rep. Sam McKenzie, of Knoxville, said businesses should be ashamed to be threatening lawsuits over the property value portion of the franchise tax in what he termed a “tax-averse” state.
“This is wrong for us to be sitting here in this position,” McKenzie said.
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