Wednesday, January 26, 2011

Articles Related to Hall Income Tax Proposals

Tom Humphreys of the Knoxville News Sentinnel has two excellent articles on his blog from AP reporter Erik Schelzig about a legislative proposal to abolish the Hall Income Tax in Tennessee. He focuses on the impact such a proposal would have on local governments that currently receive a share of the tax. In total, the local government share is around $62 million out of a total in Hall Income Tax collections of $172 million.

One article breaks down the revenue distributed to local governments by county. Keep in mind though, that these figures include distributions to the county as well as all municipal governments in the county. The lion's share of the revenue going to local governments from the Hall Income tax goes to municipalities - somewhere between two thirds to three fourths depending on the year.

You can find the articles at his blog: http://blogs.knoxnews.com/humphrey/

Tom is considered the dean of Capital Hill reporters and generally has his finger on the pulse of things going on at the Legislative Plaza.

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