Mar 22, 2024 - News

The Setlist: Massive tax cut for businesses advances

Illustration of a chicken wearing sunglasses with fire reflected in the lenses.

Illustration: Brendan Lynch/Axios

✈️ As airport traffic continues to vex travelers, state and BNA officials have negotiated a $6 million incentive if contractors finish construction at the Interstate 40/Donelson Pike interchange by May 2025. (Tennessean)

🗣️ Mayor Freddie O'Connell met with top business leaders this week to promote his proposal to expand transportation through a November referendum. (Nashville Business Journal, subscription)

💰 A plan to give Tennessee businesses a tax break of nearly $2 billion has cleared the state Senate. State officials say eliminating the state franchise tax and refunding past payments is necessary to avoid costly lawsuits, while critics say the proposal hasn't been transparent or properly vetted. (The Associated Press)

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