ibusinesslines.com May 22, 2018

Tennessee Senate OKs Haslam's road funding bill

20 April 2017, 03:45 | Laverne Osborne

Tennessee Senate OKs Haslam's road funding bill

Tennessee Legislature Passes On 'Pass The Bottle' Again

Republican Gov. Bill Haslam's road and bridge funding bill has earned a strong majority of votes in a preliminary vote in the Tennessee House.

The difference? The Senate Bill is seeking to increase property tax relief for disabled veterans.

House lawmakers voted down an alternative plan presented by East Tennessee Republican David Hawk. "I am hopeful that the House can add property tax relief for veterans and the elderly to the bill so the General Assembly can officially send the governor the largest tax cut in Tennessee history for his signature".

However, the Senate Bill version differs slightly from the House Bill, which means the Senate bill will be sent back to the House for a vote on the Senate's version.

The mayors say that providing for a referendum on those taxes "allows these decisions to be made at home".

"It does matter who governs", Norris said, "and, by golly, it matters how we govern".

"It is a remarkable achievement", McNally said.

The Senate acted about two hours after the House of Representatives adopted the fuel tax/tax cut plan created to fund $10.5 billion in 962 backlogged transportation projects.

"While this was not the plan I preferred - I definitely preferred the other plan - at the end of the day infrastructure is a limited role of government and we need to perform it well", Harwell told reporters after the vote. In the Senate later in the day, Republican leadership drew a 25-6 vote to approve the bill.

"We've been talking to the governor more about budgetary issues than this bill", Fitzhugh said.

Diesel prices would be increased 10 cents over a four year period. Amendments were offered to reduce or entirely eliminate the sales or grocery tax on guns, candy, vegetables, milk, eggs and CPAP machines. But she did ultimately vote in support of the bill during the final vote. It will be the first increase in the state gas tax since 1989.

The IMPROVE Act would increase the gas tax by six cents to increase the funding for state roads by nearly $400 million a year, WTVF reports. They include a 20 percent reduction in the sales tax on groceries, a $113 million cut in corporate taxes paid by manufacturers and a 1 percent reduction in the tax on earnings from stocks and bonds.

"They're going to foot the bill for the Hall income tax and the F&E tax".

Other opponents also called the fuel taxes a "dinosaur tax" because of increasing vehicle mileage and other factors, such as lower taxes in surrounding states.

Doss, though said, "While we're having a surplus is the exact time to solve our infrastructure problem".

The Lawrence County Republican also pointed out about half of the transportation funding would be paid for motorists and truckers who travel through the state.

The Tennessee House of Representatives approved legislation sponsored by House Majority Assistant Leader David Hawk, R-5th, of Greeneville, created to enhance transportation safety for Tennessee students, according to a news release. I'm a conservative Republican and I'm not going to tax the people.

The legislation will also cut $113 million in franchise and excise taxes, cut the grocery tax by 20 percent, and it sets a timetable for enacting the Hall income tax cuts passed a year ago. "This is an easy way to do it". Hawk's plan had no tax increase.

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