Tennessee’s Hall Tax Ends This Week, Promises New Economic Opportunities for the Volunteer State

Tennessee’s Hall Tax, as of this coming Friday, will cease to exist.

Experts say that will bring new opportunities to Tennessee and make the state’s economy more competitive.

The Hall Tax, instituted in 1929, applies a 6 percent tax to Tennesseans’ interest and dividend income. In 2016 members of the Tennessee General Assembly phased out the Hall Income Tax over years of scheduled reductions.

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