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Beacon statement on death of Hall Tax repeal bill

April 17, 2014 10:10AM

Beacon CEO Justin Owen on the withdrawal of the Hall Income Tax repeal bill: “We are deeply disappointed that we could not provide needed tax relief to Tennessee’s seniors and job creators by repealing the Hall Income Tax. But it is important to note that this bill died purely based on perception due to unexpectedly poor revenue news delivered during the course of the debate. There is strong support among Tennesseans for repealing this tax, and the economic benefits a repeal would provide are indisputable. We will not back down until this immoral and economically destructive tax is off the books and Tennessee becomes truly income tax free once and for all.”