HB3029 - Tennessee - Taxes

Companion Bill SB3686. Taxes - Creates a "tax-me-more fund" in the general fund for voluntary donations by taxpayers; all funds in such account are earmarked for abortion prevention. - Amends TCA Title 67, Chapter 1, Part 1. Fiscal Summary for *HB3029 / SB3686Increase State Revenue - Not Significant Increase State Expenditures - $78,600 / One-Time Bill Summary for *HB3029 / SB3686 This bill creates a "Tax-me-more" account in the general fund, the purpose of which is to receive voluntary contributions from persons who believe that they are under-taxed. This bill requires state tax forms to include an option for taxpayers to designate any tax refund to which they may be entitled to the Tax-me-more account. Contributions to the Tax-me-more account would not entitle the contributor to any tax deduction. The commissioner [...]

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