NASHVILLE – The Tennessee Center for Policy Research condemns an intrusive $30.3 million tax increase proposed Monday by the Tennessee Department of Revenue. The proposal, known as the “technical corrections bill,” taxes gym memberships and complimentary hotel breakfasts, as well as iTunes and other media downloads. Further, the bill recommends a $15 million tax on commercial rents collected by family-owned, non-corporate entities, which were previously untaxed in Tennessee.
“The Department of Revenue claims the technical corrections bill isn’t a tax increase, but that’s ridiculous,” said Tennessee Center for Policy Research President Drew Johnson. “Thirty million dollars won’t fall from the sky, it’ll come out of the pockets of hard working Tennesseans.”
Among the proposed new taxes are:
· A $15 million yearly tax on certain family-owned real estate property.
· A tax on items that hotels provide for guests, including linens, bathroom supplies, drinks, continental breakfast and other food items.... read the rest of the story by Subscribing now.