Marc Gravitt Praises Effort To End Hall State Income Tax

Tuesday, March 04, 2014
Marc Gravitt, Republican candidate for Tennessee House District 30, praised the announced state legislation to eliminate the Hall Tax. Established by the Tennessee General Assembly in 1929, the Hall Tax is the only income tax the state of Tennessee imposes on personal income by taxing the interest and dividend income from investments and saving funds of Tennessee residents.
 
"This is exactly the type of good government our citizens want and deserve," Mr. Gravitt said.
"Taxing the interest on the investments and savings of Tennesseans only discourages people from saving for retirement. By eliminating this progressive tax, Tennessee will become a more attractive home for retirees as we are no longer penalizing seniors who have scraped and saved for their future and live on a fixed income derived primarily from investments."

Senate Commerce Committee Vice Chairman Mark Green, R-Clarksville, and House Finance Committee Chairman Charles Sargent, R-Brentwood, held a press conference today in Nashville announcing their joint efforts to gradually reduce the Hall Tax over a period of six to seven years.

"This legislation will remove the double taxation from citizens who save and those who invest," said Rep. Sargent.

Senator Green said the Hall Tax up to this point has been a disincentive for citizens who save and invest, saying, "The Hall Tax is a punishment against thrift and a penalty for investment."

Joining Senator Green and Rep. Sargent were Tim Phillips, president of the Americans for Prosperity, and Grover Norquist, president of Americans for Tax Reform.

"If you want to know where good things are happening, you have to look to the states," said Mr. Norquist. "Tennessee will now be a non-income tax state."

Mr. Phillips said, "There is a genuine economic freedom revolution at the state level. Tennessee is removing this double taxation from those who invest and save."
 
The current rate for the Hall Tax is six percent, which is applied to all taxable interest and dividend income.
 
"Tennesseans who have a retirement plan with mutual funds and stocks will benefit from the elimination of the Hall Tax," said Mr. Gravitt. "As a conservative, I strongly encourage the Tennessee General Assembly to support this important legislation that will eliminate Tennessee's last remaining income tax. Our state is ready for this change and ready for the economic liberty it will bring."

Mr. Gravitt is seeking the GOP nomination for the Tennessee House seat for District 30. The state primary election is Aug. 7, and early voting runs from July 18 to Aug. 2. The general election for this state office will be held on Tuesday, Nov. 4. 

Tennessee State Trooper Resigns In Lieu Of Termination

Tennessee Department of Safety and Homeland Security Commissioner Bill Gibbons and Tennessee Highway Patrol Colonel Tracy Trott announced   Friday   that a Tennessee state trooper in the Fall Branch District resigned from the department in lieu of termination following an internal investigation into an arrest on domestic assault charges. The Johnson City Police ... (click for more)

Latest Hamilton County Jail Booking Report - And Mug Shots

Here is the latest jail booking report from Hamilton County: BAHMED, ALEC HARRIS     8914 QUAIL RUN DRIVE CHATTANOOGA, 374210000     19     Hamilton County          VANDALISM/MALICIOUS MISCHIEF     AGGRAVATED CRIMINAL TRESSPASS BAKER, SARAH CAITLYN     1423 CYPRESS ... (click for more)

You’re Right With Lamar

One of Tennessee’s favorite sons, Davy Crockett, coined an oft-used phrase:  “Be always sure you’re right, then go ahead.” Being sure is quite important, but may be difficult in this election cycle. The Democratic nominee campaigning against Lamar Alexander is a man whose radio ads call for “change,” “fair” taxes and more jobs.  Sounds good, huh?   ... (click for more)

Roy Exum: The Saturday Funnies

Okay … here we go. A number of readers have complained that I haven’t shared any jokes that my friends send to my email address so on a weekend when our Volunteers and Mocs are idle, let’s laugh a little:   I was sitting in a bar one afternoon with an old friend knocking back a few beers when he said, "You know, if we're not careful we'll end up like those two old drunks ... (click for more)

McCallie Beats Baylor In Tennessee Classic Silver Division

NASHVILLE – Dylan Carmack finished fifth overall in 17 minutes, 13 seconds to lead the McCallie Blue Tornado cross country team to a first-place finish in the Silver division of the Tennessee Classic, which was held here at Percy Warner Park Saturday morning. Teammates Connor Smith and Kevin Wagoner finished in 11 th and 12 th places with times of 17:50 and 17:51 as McCallie ... (click for more)

Chattanooga Golf Team Second At Wolf Run Intercollegiate

The Chattanooga Mocs men’s golf team is tied for second after 18 holes at the Wolf Run Intercollegiate. The Mocs and Florida Gators each shot 295 over the opening 18 to trail Illinois by 11 at 285 at Wolf Run Golf Club. The day’s docket had a scheduled 36 holes. Afternoon storms sent teams from the course prior to finishing. The remaining holes will be completed starting at 9:30 ... (click for more)