Bill Title: As introduced, contingent upon revenue growth exceeding three percent in any fiscal year, reduces the Hall income tax, which is presently levied by the state, until it reaches zero percent; upon the state tax rate reaching zero percent, allows local governments to levy a like tax not to exceed 2.25 percent, if the ordinance or resolution levying the tax is approved within two years. - Amends TCA Title 67, Chapter 2.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2016-02-23 - Refer to Senate Finance, Ways, and Means Committee with recommendation [SB0839 Detail]

Text: Latest bill text (Draft #1) [PDF]

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