TAXES
Senator John Stevens believes more money in the pockets of Tennesseans is a good thing that boosts the economy. When government gets out of the way, businesses thrive, jobs are created, and individuals and families prosper. That’s why Senator Stevens has a record of fighting for policies that lower taxes and allow Tennesseans to keep more of their hard earned money. Tennessee has the lowest taxes in the nation as a percentage of personal income, and Senator Stevens is dedicated to maintaining that status. During his time in the General Assembly, Senator Stevens sponsored and supported laws to:
- Cut over $600 million in taxes total since 2013
- Provide $22 million in professional privilege tax cuts
- Reserve $15 million for future tax cuts
- Provide over $23 million to decrease sales tax on food
- Cut taxes on small business that experienced tax inequities
- Repeal the state’s amusement tax on gym memberships
- Remove sales tax on agricultural water and exempt agricultural trailers from sales tax
- Exempt fiber-optic cable from state and local sales and use tax to help efforts to extend broadband access to rural and underserved areas
- Uphold Tennessee’s business-friendly environment by ensuring Tennessee businesses are not unintentionally overtaxed due to recent changes in the federal tax code
- Cut sales tax on food by nearly 30 percent
- Phase out the Hall Income Tax on dividends earned from stocks and bonds
- Eliminate the gift and inheritance taxes
- Cut taxes on manufacturing to enhance job creation
- Provide property tax relief for disabled veterans, the disabled and the elderly