Tenn. Senate Plans Eternal Ban on Income Tax

Thursday, 10 Mar 2011 04:01 PM

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
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.

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Send me more news as it happens.
 
 
Get me on The Wire
Send me more news as it happens.
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Top Stories

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

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