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Lawmakers Return to Second Session of 107th Assembly

By Todd Hatton

Murray, KY – Tennessee lawmakers return for the second session of their 107th General Assembly today. Their main task will be to craft an annual spending plan for the budget year that begins in July. Governor Bill Haslam is also scheduled to present his annual legislative package later in the day. While Republican lawmakers are calling for cuts to either the state's inheritance tax or the Hall tax on income from stocks and bonds, Haslam has warned that the state's financial situation isn't strong enough absorb the lost revenue. Another issue lawmakers are expected to grapple with is a proposal to change lottery scholarship requirements to halt a drain on the program's cash reserves.