Tennessee has the highest beer tax rate in the country, according to a new report from the Tax Foundation.
Tennessee’s rate is $1.29 per gallon, one of just two states that charge more than $1 per gallon in the country. Alaska charges $1.07.
In the fiscal year just completed at the end of July, Tennessee collected more than $19 million in beer tax, which was $1.6 million more than it had budgeted. The year before, it collected $18.7 million in beer tax.
Georgia lawmakers passed legislation that will gradually drop the state income tax rate over the next few years, a move that proponents say will make the state more competitive.
The state House voted 167-2, and the state Senate voted 41-13 in favor of an amended House Bill 1437. The bill sets the state’s tax level at 4.99% by 2029, starting with a 5.49% flat tax for the tax year beginning Jan. 1, 2024.
The measure, which received broad bipartisan support in both chambers of the Legislature, now heads to Gov. Brian Kemp, a Republican, for his signature. Kemp is expected to sign the bill into law.
A new report ranks Ohio with one of the worst overall tax rates in the country as the tax filing deadline approaches.
The report, released by the personal finance website WalletHub, was teamed with the group’s annual taxpayer survey, which showed more than 70% of Americans believe more tax relief is necessary because of the COVID-19 pandemic.
GALLATIN, Tennessee — After three years of county revenues exceeding ever-increasing annual budgets, the Sumner County Board of Commissioners by a vote of 21-3 adopted a property tax rate of $2.50 per $100 of assessed value, unchanged from last year, at their regularly scheduled July meeting. The $2.50 tax…