House Continues Tax Cuts For Hardworking Tennessee Citizens

The House continued reducing taxes for hardworking Tennesseans and their families this year by slashing more than $35.2 million dollars as part of the Fiscal Year 2019-2020 budget.

As part of these cuts, lawmakers overwhelmingly supported House Bill 1262, which repeals the professional privilege tax on accountants, architects, athlete agents, audiologists, chiropractors, dentists, engineers, landscape architects, optometrists, pharmacists, podiatrists, psychologists, real estate brokers, speech pathologists, and veterinarians. This cut alone equates to a $22 million reduction.

House Republicans also approved House Bill 494 to repeal the $435,000 ammunition tax imposed on shotgun shells and metallic cartridges for the law abiding citizens of this state.

We will continue to keep taxes low to ensure Tennessee remains open for business.