Political News Feeds
- The latest news releases from Tennessee political parties, candidates and elected officials. If your feed needs to be included here and isn't, let us know.
TN Department of Education Announces School Counselor InstituteEducating the Whole ChildNASHVILLE – The Tennessee Department of Education is proud to announce the fifth annual Tennessee School Counselor and Administrator Leadership Institute beginning next week in Murfreesboro. This year’s theme, “The 360 Approach: Educating the Whole Child,” addresses the critical need of ensuring that our students are both college- and career-ready. read more [Link]
Governor Bredesen, Commissioner Kisber Announce Expansion of VW Supplier in TennesseeSL Tennessee, LLC to Invest $35 Million and Create 300 New Jobs in Clinton NASHVILLE – Governor Phil Bredesen and Economic and Community Development Commissioner Matt Kisber today joined with executives of SL America to announce a $35 million expansion of SL Tennessee, LLC, a company subsidiary operating in Clinton, Tenn.. The expansion will create 300 new jobs and add ... [Link]
Devaney Statement on Tennessee Democrat Reps Voting to Raise U.S. Debt Limit Another $1.9 TrillionNASHVILLE, TN – Tennessee Republican Party Chairman Chris Devaney issued the following statement after Tennessee Democrats voted to raise America’s debt limit by $1.9 trillion which follows a vote in December to raise the debt limit by $290 billion: “Tennessee Democrats just don’t get it,” said Devaney. “Once again, President Obama and Speaker Pelosi have won out over hard-working families ... [Link]
Recreation Initiative Program Grant Cycle Announced; Workshop Slated for March 3NASHVILLE – The Tennessee Department of Environment and Conservation is soliciting Tennessee Recreation Initiative Program grant applications from local governments that do not currently have parks or recreation departments. TRIP grants help communities create recreation opportunities for citizens by assisting with the establishment of a parks department. Applications are due April 15, 2010, and award recipients will be announced in ... [Link]
Print This Post
May
14
Controversial provision deleted from ‘technical corrections bill’
By John Rodgers | Filed Under Miscellaneous
Bredesen administration legislation closing loopholes in the state’s tax code was dramatically changed today as supporters eliminated an estimated $15 million provision.
The provision would have eliminated a tax break for commercial real estate holdings of Family Owned Non-Corporate Entities, or FONCEs. A limited liability company is a non-corporate entity.
Business lobbyists and some like-minded lawmakers have targeted that section of the Bredesen administration’s so-called “technical corrections bill,” saying it would be a tax increase on some small businesses.
The administration says it would only hurt wealthy families.
But apparently the business lobby won the fight as the provision was taken out of the technical corrections bill today. Assuming the bill doesn’t pass, lawmakers and the Bredesen administration would have to find another $15 million to cut from the budget on top of the $468 million they’re already planning on eliminating.
Comments
One Response to “Controversial provision deleted from ‘technical corrections bill’”
Comments Policy: The City Paper does not moderate comments before they appear on Nashville City Blogs and bears no responsibility or liability for comments posted by our readers. We do use an automatic spam filter and a dirty-words scrubber to screen out foul language. Comments with more than three hyperlinks may be automatically rejected as spam. Please stay on topic and play nice. Foul language and personal attack are not welcome here and egregious violations may result in your comment being deleted.
Leave a Reply
[...] million dollars worth of “technical correction” just went out the window according to John Rodgers: The provision would have eliminated a tax break for commercial real [...]