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Hall Income Tax is reduced
A tax that primarily affects Tennesseans with higher incomes, has been reduced by the state legislature. The bill cuts Tennessee's Hall income tax on stock and dividend income this year and totally repeals it in 2022. About 200,000 higher income Tennesseans pay the Hall tax. Taxpayers 65 and up are exempt from the Hall tax if their total income from all sources is $68,000 or less for joint filers and $37,000 or less for single filers. In addition, the first $1,250 in taxable dividend and interest earnings for all single filers and the first $2,500 for all joint filers is tax-exempt. The tax isn’t levied on other income. The move means a loss of about $28 million in state revenue as a result of the rate cut. Local governments will loose $14 million in revenue.
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Return to Today's News Stories - Front PageThursday, April 29, 2021
US 411 Project News
Mill Creek Wildfire Update
More Bad News For Smokies' Fans
Wednesday, April 28, 2021
Mill Creek Wildfire doubles in size
Goodbye Smokies?
Keep Cocke County Beautiful
Cocke Co. High School Remote Learning today!
Tuesday, April 27, 2021
The fireflies are coming!
Burnout Operations on MillCreek wildfire today
Gas prices drop
Tennessee keeps all US House seats
Monday, April 26, 2021
Boat accident victim ID'd
Traffic stop yields drug arrest
Cocke County Wildfires
Friday, April 23, 2021
Leaving WNPC
Mathis announces candidacy
Newport drug roundup
Cruise Against Cancer
Jobless numbers
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