Tax Law Section

This section provides continuing legal education to its members in the areas of state and federal taxation law. It also maintains a liaison with the Tennessee District of the Southeast Region of the IRS and the Tennessee Department of Revenue.

Immediate Past Chair
Lewis Thomason
424 Church St # 2500
Nashville, TN 37219
LinkedIn: michaelgoode
(404)680-6295
Chair
Chambliss, Bahner & Stophel, P...
605 Chestnut Street Ste 1700
Chattanooga, TN 37450
(423)757-0234
Vice-Chair
Sherrard Roe Voigt & Harbison
150 3rd Ave. South, Suite 1100
Nashville, TN 37201
(615)742-4542

Study Credits Tennessee Tax Policies for Economic Growth

A new study by the American Legislative Exchange Council, a conservative think tank comprised of legislators and business leaders, puts Tennessee in its top ten list of states with a positive economic outlook, the Chattanooga Times Free Press reports. Between 2007 and 2017, Tennessee’s GDP rose 43.1 percent, with the state growing payroll employment by 8 percent. The study credits Tennessee’s relatively low tax rates, lack of personal income tax and plans to phase out inheritance and unearned income taxes, among other reasons, for the state’s economic standing.

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IKEA in Memphis will Opt Out of PILOT Tax Breaks

Swedish furniture retailer IKEA will opt out of its 11-year payment-in-lieu-of-taxes (PILOT) break because the company failed to meet program requirements, the Daily Memphian reports. IKEA initially agreed to hire 175 employees with an average wage of $41, 011, however, currently employs 147 people with an average wage of $36,944. The company may get another year of incentives if it follows through on environmental projects such as water conservation efforts and installing a solar powered roof.

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