7.63 out of 10 in Taxation and Regulation
7.12 out of 10 in Workforce Quality
7.63 out of 10 in Living Environment
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Tennessee lawmakers in April passed the IMPROVE Act, raising the state gas tax by six cents and the diesel tax by 10 cent to pay for road and bridge projects across the Volunteer State. The gas and diesel tax increases would be offset by more than $500 million in tax cuts annually at the law’s full implementation, including a 20 percent decrease in the sales tax on groceries that equals $125 million and a $113 million reduction in business taxes on manufacturers.
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