By ERIK SCHELZIG and LUCAS L. JOHNSON II Associated Press
NASHVILLE, Tenn. (AP) - Gov. Bill Haslam says he wants to make reductions in the state's estate tax and a small reduction on the sales tax on groceries.
Tuesday's announcement marked a reversal from the Republican's previous statements that he didn't believe the state could afford a tax break amid a tough budget situation.
The proposal would lower the sales tax on food from 5.5% to 5.3%.
Haslam's plan would also increase the inheritance tax exemption from the first $1 million to $1.25 million. The governor said ultimate goal is to bring Tennessee's exemption to federal level of $5 million.
Among the governor's other proposals are bills to change civil service rules among state employees to make it easier to hire and fire state workers, create more cash incentives for businesses locating in Tennessee and restructuring 22 state boards and commissions.
The General Assembly kicked off second session of the 107th General Assembly earlier on Tuesday.
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Wednesday, May 22 2013 7:54 AM EDT2013-05-22 11:54:16 GMT
Several things are coming together to increase our chances for some severe weather later today. A warm, humid air mass will interact with unseasonably cool air that will be pushing through today and tomorrow.More >>
Several things are coming together to increase our chances for some severe weather later today. A warm, humid air mass already in place will interact with unseasonably cool air that will be pushing through today and tomorrow.More >>