Tennessee Senate advances nearly $2 billion business tax cut, refund to prevent lawsuit
The Tennessee Senate has approved a nearly $2 billion tax and refund for businesses, a proposal designed to prevent threats of a potential lawsuit. (George Walker IV/AP Photo file)
At issue are concerns that the state’s franchise tax violates a U.S. Constitution’s Commerce Clause provision, which bans states from passing laws that burden interstate commerce.
Comments
Want to comment on our stories? If you’re a subscriber, scroll down to the comments. If you’re not a subscriber, only paid subscribers can add their thoughts, so subscribe now. Our commenting policy can be viewed here.