Tennessee – Gov. Lee Announces $200 Million Business Relief Program

$200 Million Available for Small Businesses Affected by COVID-19 NASHVILLE, Tenn. – Tennessee Governor Bill Lee, Lt. Gov. Randy McNally, House Speaker Cameron Sexton, and the Financial Stimulus Accountability Group announced a new relief program for Tennessee businesses affected by the COVID-19 Continue reading Tennessee – Gov. Lee Announces $200 Million Business Relief Program

Tennessee – House calls for $100 M sales tax holiday, delays ending tax on interest

Finance leaders in Tennessee’s House of Representatives unveiled their version of a state budget Monday night, making significant cuts and taking out bonds while proposing a $100 million sales tax holiday. A series of temporary sales tax breaks, which would Continue reading Tennessee – House calls for $100 M sales tax holiday, delays ending tax on interest

Tennessee – Lawmakers Want to Lift Sales Tax on Food, Raise Taxes on Tobacco Products

NASHVILLE – Two Tennessee lawmakers want the 4% sales tax on food lifted and instead raise taxes on tobacco products to “improve the overall health, and ultimately save money for all Tennesseans.” Rep. Bo Mitchell (D-Nashville) and Sen. Sara Kyle Continue reading Tennessee – Lawmakers Want to Lift Sales Tax on Food, Raise Taxes on Tobacco Products

Tennessee- Sales Tax Data Shows Mixed Results from COVID-19

The most recent sales tax data from the Upper Cumberland start to show the impact COVID-19 has had on Putnam County, but only the City of Cookeville has seen a drop from the previous year. Data from the Department of Continue reading Tennessee- Sales Tax Data Shows Mixed Results from COVID-19

Tennessee: Governor Signs Marketplace Facilitators Sales Tax Law, Effective October 1, 2020

A new Marketplace Facilitators Sales Tax bill was signed by Governor Bill Lee on April 1, 2020, and will go into effect on October 1, 2020. The new bill, Public Chapter 646, requires marketplace facilitators that make or facilitate more Continue reading Tennessee: Governor Signs Marketplace Facilitators Sales Tax Law, Effective October 1, 2020

MULTI STATE – 10 States With the Highest Sales Taxes

Before you embark on a shopping spree in any of the 10 worst states for sales taxes, make extra room in your budget. Tennessee, for example, is in a tie for the highest sales tax in the country, at 9.47%, once Continue reading MULTI STATE – 10 States With the Highest Sales Taxes

Tennessee – New Taxes On Internet Sales Shouldn’t Replace Shopping Local, Johnson City Leaders Say

JOHNSON CITY, Tenn. (WJHL) – For Johnson City Mayor Jenny Brock, the vacant Toys R Us building on North Roan Street is a harsh reminder of the changing retail environment. “I look at Toys R Us as kind of the Continue reading Tennessee – New Taxes On Internet Sales Shouldn’t Replace Shopping Local, Johnson City Leaders Say

Multistate – TN and VA sales tax holiday weekends are around the corner

Shoppers can start mapping out their sprees, because Tennessee’s and Virginia’s once-a-year sales tax holiday weekends are around the corner. According to a release from the Tennessee Department of Revenue, from July 26 – July 28 shoppers can save almost Continue reading Multistate – TN and VA sales tax holiday weekends are around the corner

Mulitstate – Arkansas ties for No. 1 in sales-tax ranking; rounding takes total levies to 9.47%

A consumer buying items around Tennessee and Arkansas won’t notice much difference in the overall sales taxes paid. Thanks to rounding, Arkansas and Tennessee have the highest combined state and local sales-tax rates among the 50 states, according to the Continue reading Mulitstate – Arkansas ties for No. 1 in sales-tax ranking; rounding takes total levies to 9.47%

Tennessee – What You Need To Know About Tax Free Weekend In Tennessee

If you’re a fan of saving money — and who isn’t? — mark your calendar for Tennessee’s tax free weekend, July 26-28. During the annual sales tax holiday, items like clothing, school supplies and some tech are sold tax-free, with some Continue reading Tennessee – What You Need To Know About Tax Free Weekend In Tennessee