hall income tax造句

• In FY 2003, the largest per capita recipient of Hall income tax distributions was Hancock County.
• Revenue from the Hall income tax varies significantly from year to year, making it difficult for governments to predict.
• As of 2016, the state has reduced the Hall income tax to 5 % and intends to eliminate it completely.
• The "'Hall income tax "'is a Tennessee state tax on interest and dividend income from investments.
• The commission recommended repealing the Hall income tax, reducing or repealing certain other state taxes, and enacting a general personal income tax in their place.
• Blanton overhauled the state's franchise tax laws, and revised the state's Hall income tax to provide relief for the state's elderly residents.
• Although the Hall income tax is a relatively minor source of revenue for most local governments, it is a major source of funds for a few small municipalities, particularly those with wealthy residents.
• In 2002, the Tennessee Department of Revenue established an electronic filing system for the Hall income tax and ended its former practice of mailing tax forms to taxpayers believed to be subject to the tax.
• Blind people and people over 65 years old whose total annual income is $ 33, 000 or less ( $ 59, 000 for joint filers ) are not subject to the Hall income tax.
• In 2016, Gov . Bill Haslam signed a bill to reduce the Hall income tax for tax year 2016, with the intent of ultimately eliminating the tax as state government revenue increases from year to year.
• This is because the majority of state tax revenues in Tennessee are derived from a sales tax, which applies to food, clothing, furniture, car parts, and other necessities, but not private school tuition, real estate investments, attorney fees, or stocks and bonds ( except for interest earned and dividends, which are taxed at 6 percent under the Hall income tax, Tennessee being the only state with this provision ).
• In December 2004, a commission established to study the state's tax structure criticized the Hall income tax as regressive, anti-competitive, and " unfairly selective . " The Tennessee Tax Structure Study Commission characterized the tax as " particularly harmful to retirees with limited income derived mainly from investments, " noting in its final report that low-income retirees with dividend and interest income pay the tax, but low-income people with income from other sources do not.