$1.95 Billion Tennessee Senate Business Tax Refund Approved Amid Controversy – Check It Now!

Tennessee Senate Greenlights $2 Billion Tax Refund and Breaks for Businesses Amid Rushed Controversy

Concerns Arise as Tennessee Senate Rushes Through $2 Billion Business Tax Relief Plan

The Tennessee Senate recently approved a big plan to give back nearly $2 billion in taxes and offer breaks to businesses, according to WBBJ published article. This plan was rushed and some Americans are worried because it wasn’t looked at carefully. Republican leaders in the Senate say they got a warning from a big group of business lawyers saying Tennessee’s old tax rules might be illegal. The Senate proposed giving back $1.56 billion in refunds and $393 million in tax breaks totaling $1.95 billion.

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Tennessee Senate Greenlights $2 Billion Tax Refund and Breaks for Businesses Amid Rushed Controversy. (PHOTO: WPLN News)

Tennessee Senate Grapples with $2 Billion Business Tax Refund Proposal Amid Constitutional Concerns

The trouble started last year when a bunch of businesses said Tennessee’s tax rules might break a part of the U.S. Constitution. Governor Bill Lee first suggested giving businesses $1.2 billion back, but then he changed it to $1.56 billion, plus $393 million in tax breaks. The Senate’s Republicans say fixing this quickly could help Tennessee get more businesses to move there. But there’s a lot of talk about who these businesses are and if the governor’s own business might benefit from this plan. Democrats are still not happy and think they’re being rushed into a decision.

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