-
Jan 20, 2025 | 
jdsupra.com | Jacob Baggett
Governor Bill Lee has announced a special session of the Tennessee General Assembly starting on January 27, 2025. This session will address three critical legislative priorities: the Education Freedom Act, disaster relief for Hurricane Helene, and public safety measures related to illegal immigration. The Education Freedom Act will establish Education Freedom Scholarships.
-
Jan 3, 2025 | 
jdsupra.com | Jacob Baggett
The first regular session of the 114th Tennessee General Assembly will convene on Tuesday, January 14 at noon. Members will return fresh off an election cycle that yielded a few new members but no net change in the Republican supermajority in both state houses. An organizational period (i.e., office assignment musical chairs) as a result of new colleagues and committee assignments will slow the otherwise shotgun-start of session. No change in respective chamber leadership structures is anticipated.
-
Oct 23, 2024 | 
jdsupra.com | Jacob Baggett |William Fones Jr.
As originally enacted, 2024 Public Chapter 950 provides that if a taxpayer paid the franchise tax based upon the minimum measure tax base found at Tenn. Code Ann. Section 67-4-2108, then the Tennessee Department of Revenue (Department) shall issue that taxpayer a refund equal to the amount of tax actually paid minus the tax otherwise due without regard to Section 67-4-2108, with several conditions.
-
May 2, 2024 | 
jdsupra.com | Jacob Baggett |William Fones Jr. |Carl Hartley
A compromise version of House Bill 1893/Senate Bill 2103 was passed by both Legislative Chambers on April 25, 2024 (the Bill).
-
Apr 29, 2024 | 
jdsupra.com | Jacob Baggett |Lang Wiseman
April 29, 2024
To embed, copy and paste the code into your website or blog:
The 113th Tennessee General Assembly adjourned sine die on April 25, 2024.
-
Mar 8, 2024 | 
jdsupra.com | Jacob Baggett |William Fones Jr. |Carl Hartley
Commissioner of the Tennessee Department of Revenue (Department), David Gerregano, recently testified before the Revenue Subcommittee of the Senate Finance, Ways and Means Committee, regarding the Department's proposed amended legislative fix to address the potential constitutional issue with the Tennessee franchise tax. The original legislation, House Bill 1893/Senate Bill 2103 as introduced, was reviewed in our January 24, 2024, publication.
-
Feb 7, 2024 | 
jdsupra.com | Jacob Baggett |Lang Wiseman
Governor Bill Lee delivered his sixth State of the State address last night in a joint convention of the state House and Senate. The video preview of the speech highlighted the advancement of rural opportunity, fiscal responsibility, business tax relief, expanding educational choice, and an executive-led effort to protect Tennessee musical artists. A closer look at the full speech revealed a much deeper, novel approach to the budget than the headlines might suggest.
-
Jan 25, 2024 | 
jdsupra.com | Jacob Baggett |William Fones Jr. |Carl Hartley
On January 22, 2024, Tennessee Governor Bill Lee's administration filed House Bill 1893 in the 2024 Session of the 113th General Assembly. The apparent purpose of House Bill 1893 is to address the potential constitutional issue with the Tennessee franchise tax. The Attorney General's Office has apparently concluded that the alternative tax base of the franchise tax violates the internal consistency doctrine under the dormant Commerce Clause.
-
Jan 19, 2024 | 
jdsupra.com | Jacob Baggett |Lang Wiseman
Lower-than-expected growth in the Tennessee economy has resulted in a slight decline in tax revenues thus far this fiscal year. Further complicating matters, state officials also recently disclosed a potential legal problem with the state's franchise taxes that will even further depress the state budget outlook, the combination of which is likely to leave little room in the state budget for new programs or initiatives this upcoming fiscal year, which starts July 1, 2024.
-
Jan 18, 2024 | 
jdsupra.com | Jacob Baggett |Edward Lanquist |Jeremy Ray
Recent advances in technology and artificial intelligence have the power to completely disrupt the world of advertising, media, music, sports, and entertainment by manipulating digital content to create synthetic photos and videos that are virtually indistinguishable from real life. These so-called "deepfakes" can be used to misappropriate virtually anyone’s image and likeness for unlawful commercial gain, embarrassment, or other nefarious purposes.
