Gov. Lee proposes $1.2 billion in business tax refunds, $410 million annual cut

By , Daily Memphian Published: February 05, 2024 6:05 PM CT

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.


Tennessee Gov. Bill Lee Gov. Bill Lee state of the state
Ian Round

Ian 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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