Press release from Tennesseans Against Death Taxes; March 26, 2012:
NASHVILLE, TN, March 26, 2012—The chairman of Tennesseans Against Death Taxes today praised the leadership of Gov. Bill Haslam and the bipartisan support in a subcommittee of the House Finance Ways and Means Committee as critical to the potential elimination of the death tax in the Volunteer State.
“The Death Tax repeal bill was approved on a voice vote without dissent,” said Mark Gill, Nashville businessman who is chairman of TADT. “That is significant not only because of the leadership of Gov. Haslam and Rep. Charles Sargent, who chairs the full committee, but also because of the number of Democratic leaders in the House who are members of the subcommittee.”
“It is good to see that repealing the Death Tax is a bipartisan matter on the Hill,” Gill said. “There is no question the voice of the people of Tennessee has been heard on this issue.”
Republicans on the House Finance, Ways & Means general subcommittee include Michael Harrison, chair; Curtis Johnson, vice chair; and members Charles Sargent, Kevin Brooks, Judd Matheny, Steve McDaniel and Dennis Roach.
Democrat members of the subcommittee include House Minority Leader Craig Fitzhugh, House Speaker Emeritus Jimmy Naifeh, House Speaker Pro Tem Emeritus Lois DeBerry, former House Majority Leader Gary Odom, and members Harry Tindell and Johnny Shaw.
Amendments to the Haslam Administration bill, approved in the subcommittee last week, would phase out the Death Tax by 2016, and repeal Tennessee’s Gift Tax effective October 1 of this year.
The bill is expected to be heard in the full Finance, Ways & Means Committee in a couple of weeks, and assuming passage there, will go to the House floor for a vote, and thereafter to the Senate for consideration.