{"id":5447,"date":"2012-06-06T20:00:42","date_gmt":"2012-06-07T01:00:42","guid":{"rendered":"http:\/\/www.paristn.net\/articles\/?p=5447"},"modified":"2012-06-06T17:19:54","modified_gmt":"2012-06-06T22:19:54","slug":"tennessee-governor-bill-haslam-signs-legislation-phasing-out-inheritance-tax","status":"publish","type":"post","link":"https:\/\/www.paristn.net\/articles\/2012\/06\/06\/tennessee-governor-bill-haslam-signs-legislation-phasing-out-inheritance-tax\/","title":{"rendered":"Tennessee Governor Bill Haslam signs Legislation Phasing out Inheritance Tax"},"content":{"rendered":"<p><span style=\"color: #000080;\"><em><strong>Governor holds ceremonial bill signing in Gibson County highlighting impact on family farms<\/strong><\/em><\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-384\" title=\"The Seal of the State of Tennessee\" src=\"http:\/\/www.clarksvilleonline.com\/wp-content\/uploads\/2006\/08\/tnseal.jpg\" alt=\"The Seal of the State of Tennessee\" width=\"150\" height=\"149\" \/><strong>Humboldt, TN<\/strong> &#8211; Tennessee Governor Bill Haslam today traveled to Luckey Family Farm in Humboldt to highlight the second of three tax cuts passed during this year\u2019s legislative session and signed by the governor.<\/p>\n<p>Haslam held a ceremonial bill signing of HB 3760\/SB 3762, which phases out the state inheritance tax during the next three years before it is completely eliminated starting January 1st, 2016.<\/p>\n<p>The bill was introduced by the governor as the state continues its work toward providing the best customer service at the lowest possible cost to Tennesseans.<!--more-->\u201cWe\u2019re focused on making state government more efficient and more effective while reducing the cost to taxpayers,\u201d Haslam said. \u201cJobs are created when people invest capital. The inheritance tax is causing Tennesseans to take their capital to other states as they grow older, but businesses and family farms can\u2019t pick up and leave. Eliminating this tax will ease the burden on family businesses and farms that are left to other generations.\u201d<\/p>\n<p>The exemption level will be lifted to $1.25 million in 2013; $2 million in 2014; and $5 million in 2015.<\/p>\n<p>Haslam included $14.2 million in the FY 2012-2013 state budget to fund the legislation.<\/p>\n<p>In Whitwell Monday, the governor signed HB 3761\/SB 3763, legislation reducing the state portion of the sales tax on groceries from 5.5 percent to 5.25 percent. His plan is to reduce it next year to 5.0 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Governor holds ceremonial bill signing in Gibson County highlighting impact on family farms Humboldt, TN &#8211; Tennessee Governor Bill Haslam today traveled to Luckey Family Farm in Humboldt to highlight the second of three tax cuts passed during this year\u2019s legislative session and signed by the governor. Haslam held a ceremonial bill signing of HB [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[181],"tags":[3359,3536,2655,6669,6668,6224,3350],"class_list":["post-5447","post","type-post","status-publish","format-standard","hentry","category-government","tag-bill-haslam","tag-gibson-county","tag-humboldt-tn","tag-inheritance-tax","tag-luckey-family-farm","tag-tax","tag-tennessee-governor"],"_links":{"self":[{"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/posts\/5447","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/comments?post=5447"}],"version-history":[{"count":1,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/posts\/5447\/revisions"}],"predecessor-version":[{"id":5448,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/posts\/5447\/revisions\/5448"}],"wp:attachment":[{"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/media?parent=5447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/categories?post=5447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/tags?post=5447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}