Lang Wiseman

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.

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 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 11, 2024 | jdsupra.com | William Fones Jr. |Carl Hartley |Lang Wiseman

On January 4, 2024, Tennessee Governor Bill Lee announced plans to amend the Tennessee franchise tax to simplify the calculation of the franchise tax to "in effect give tax relief to businesses that are invested in our state." Finance & Administration Commissioner Jim Bryson, together with Department of Revenue Commissioner David Gerregano, provided more details during testimony on January 9 before the Senate Finance, Ways and Means Committee.

Jan 9, 2024 | jdsupra.com | Jacob Baggett |Lang Wiseman

The second regular session of the 113th Tennessee General Assembly will convene on Tuesday, January 9 at 12:00 p.m. Central. As members return, details of the recently announced ten-year $15 billion transportation project, as well as August's extraordinary or "special" session addressing public safety, will be fresh on their minds.