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« Hey GOP, Get With It! Use Blogads! | Main | Blogger Begs to Be Audited... » April 14, 2004Bredesen/Naifeh Stealth Tax Increase UPDATEIn the Tennessee legislature, House Bill 3529, the stealth tax increase on Tennessee businesses backed by Gov. Phil Bredesen, House Speaker Jimmy Naifeh and House Majority Leader Kim McMillan, all Democrats who promised to balance this year's budget without increased taxes, has been put on the agenda for the April 20 meeting of the House Finance Committee. The Senate version of the bill, SB3427, will also be heard in the Senate Finance Committee on the same day. This bill will increase state tax collections from Tennessee businesses by an estimated $75 million this year, according to the bill's fiscal note Incidentally, according to the bill summary, the tax law change would be retroactive as it would apply to tax years ending on or after July 15, 2002. I've got a lot more background on this story here Posted in Tennessee Budget & Tax Policy
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