Beacon Statement on Elimination of the Hall Tax
Today, Tennesseans from all walks of life can celebrate a major victory as the Tennessee legislature voted to eliminate the Hall Income Tax over the next 6 years. The Beacon Center was the major factor in the elimination of this unfair tax with a public awareness effort that led to over 1.8 million video views, a new anti-Hall Tax website, and over 75,000 emails sent to legislators against the Hall Tax. Beacon also testified in support of repeal in the last stages of debate on the bill.
“The vote to phase out the Hall Tax is the biggest victory for Tennessee taxpayers this session,” said Beacon CEO Justin Owen. “After spending much time and energy educating the public and legislators about the pitfalls of the Hall Tax, we are ecstatic that this day has finally come. We applaud legislators for their leadership, especially the bill’s sponsors, Sen. Mark Green and Rep. Charles Sargent. They realized that this tax unfairly hurts senior citizens and job creators and did the right thing to repeal it. We can now celebrate a major reduction to the tax bills of many Tennesseans who are in desperate need of tax relief.”
Owen concluded, “More than half of the people who paid the Hall Tax make less than $75,000 per year and that just isn’t fair. We are proud that Tennessee has finally lived up to its reputation as a truly income tax-free state.”
The bill will now go to the Governor to be signed into law.