Tennessee ~ Multiple Taxes: Phase-Out of Hall Income Rates Enacted; Apportionment Method Election Permitted for Manufactures

CCH Tax Day Report Legislation has been enacted that reduces the 5% personal income tax (Hall income) rate by 1% each year beginning with tax year 2017 until the tax is eliminated in January 1, 2021. In 2016, the tax was reduced from 6% to 5% and the law expressed the intent that the tax […]

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