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500 Deaderick St. Nashville, Tennessee 37242. United States [ 1] Agency executive. David Gerregano, Commissioner. Website. www .tn .gov /revenue /. The Tennessee Department of Revenue (TDOR) is an agency within the Tennessee state government that is responsible for administering the state’s tax laws and motor vehicle title and registration laws.
Hall income tax. The Hall income tax was a Tennessee state tax on interest and dividend income from investments. [1] It was the only tax on personal income in Tennessee, which did not levy a general state income tax. The tax rate prior to 2016 was 6 percent, applied to all taxable interest and dividend income over $1250 per person ($2500 for ...
This is a table of the total federal tax revenue by state, federal district, and territory collected by the U.S. Internal Revenue Service . Gross Collections indicates the total federal tax revenue collected by the IRS from each U.S. state, the District of Columbia, and Puerto Rico. The figure includes all Individual federal taxes and Corporate ...
The franchise tax refunds are the largest, single new item in Tennessee Gov. Bill Lee's budget, recently approved by lawmakers. Majority of $1.5B franchise tax refunds would flow out of Tennessee ...
As of 2020, Tennessee had a gross state product of $364.5 billion. [1] In 2019, the state's per capita personal income was $29,859. The median household income was $58,516 in 2021. [2] About 13.9% percent of the population was below the poverty line. [3]
State officials aren’t willing to publicly share the basis for a $1.6 billion tax cut and refund for businesses included in Tennessee Gov. Bill Lee's budget this year, citing laws protecting ...
The main question behind this issue stems into three different approaches. First, federal spending should be neutral, meaning federal taxation should roughly equal expenditures. Second, it should be redistributive, meaning rich states should be taxed most heavily and poorer states should receive more benefits.
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