Governor and House Speaker Clash Over Tax Refund Transparency
Controversy in Tennessee Law
In Tennessee there’s a big disagreement about a law and Governor Bill Lee doesn’t like a part of it, according to the published article of The Tennessean. This part would make companies’ tax refunds public. Normally, the governor doesn’t talk much about laws being made. But this time he said he doesn’t like this idea.
The House Speaker, Cameron Sexton disagrees with the governor and he says this part of the law is very important. It’s about letting people know which companies get tax refunds. But they won’t share all the details about their taxes and just the names of the companies.
(PHOTO: AOL.com)
Governor’s Office Cites Lawsuit Concerns in Tax Refund Changes
The House wants to look back one year for refunds and they say this will save money. But the Senate wants to look back three years. This could mean giving out a lot of money in refunds and tax breaks.
The governor’s office first talked about changing this law and said it was to avoid a lawsuit. But they didn’t say which companies might sue. Some Republicans say they’re worried about a lawsuit. But they haven’t said much about who might sue or why.
The governor says Tennessee needs to keep its taxes low to bring in big companies but some people don’t agree with this. They say the law could have bad effects and they’re worried about who really benefits from it and if it’s fair for everyone.
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