Tags: ban | state income tax | Brian Kelsey | state constitution | payroll taxes | Tennessee

Tenn. Senate Plans Eternal Ban on Income Tax

Tennessee lawmakers Wednesday proposed forever banning a new state income tax by writing the ban into the state constitution, reports the Tennessean.

The state Senate approved a resolution that would prohibit any new income taxes, including a ban on payroll taxes. However, investments would still be subject to state taxes.

State Sen. Brian Kelsey, a Germantown Republican, told the newspaper the measure would permanently eliminate any chance of ordinary income being taxed by the state.

"Not having a state income tax has already brought jobs to Tennessee," Kelsey said. The amendment “will help make us the No. 1 state in the Southeast for high-quality jobs."

The state House now takes up the issue. If the measure passes this year, it will come up again in the next legislative session that starts in 2013.

A two-thirds majority would then have to approve the income tax ban. If that happens, voters would see the question on the 2014 ballot.

© 2015 Newsmax. All rights reserved.

1Like our page
2Share
TheWire
Tennessee lawmakers Wednesday proposed forever banning a new state income tax by writing the ban into the state constitution, reports the Tennessean. The state Senate approved a resolution that would prohibit any new income taxes, including a ban on payroll taxes. However,...
ban,state income tax,Brian Kelsey,state constitution,payroll taxes,Tennessee
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved