Gov. Lee proposes $1.2 billion in business tax refunds, $410 million annual cut
Gov. Bill Lee delivers his State of the State address in the House chamber Monday, Feb. 5, 2024, in Nashville. (George Walker IV/AP)
The tax cut is among the biggest expenses in the governor’s budget, and comes as state revenues are stagnating. Lee argues the state can afford it because revenue is stabilizing at a level significantly above where it was a few years ago.
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Tennessee Gov. Bill Lee Gov. Bill Lee state of the stateIan Round
Ian Round is The Daily Memphian’s state government reporter based in Nashville. He came to Tennessee from Maryland, where he reported on local politics for Baltimore Brew. He earned a master’s degree in journalism from the University of Maryland in December 2019.
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