Atr: Tennessee Delegation Critical to Preserving Sales Tax Deduction for State Residents

Summary

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WASHINGTON, Dec. 1 /U.S. Newswire/ -- Within the next week, the United States House of Representatives will vote on a tax cut package which will extend the ability of Tennessee residents to deduct their state sales tax payments from their federal income taxes. Without passage of the legislation, the current provision expires December 31, 2005 thus forcing Tennessee residents to pay higher taxes to the federal government on this year's taxes. The vote is expected to be close and the Tennessee delegation can decide whether the legislation passes or fails.

Enacted in 2004, the sales tax deduction finally put states like Tennessee on par with the rest of the country. Prior to the legislation passing, only states with income taxes were able to deduct their tax payments to the federal government. Yet, Tennessee has no state income tax and residents were being unfairly punished by discriminatory federal tax policy. If the measure does expire, Tennessee residents will be forced to revert to this unfair and harsh treatment of the federal government by forcing them to pay higher taxes.

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Atr: Tennessee Delegation Critical to Preserving Sales Tax Deduction for State Residents

"Are members of the Tennessee Congressional Del...

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