Reining in the Unchecked Power of the Administrative State with the Tennessee Regulatory Freedom Act
THE PROBLEM The Administrative State has outsized power in Tennessee. Unelected state agencies can impose major costs through administrative rulemaking without full legislative approval or sufficient input from the businesses and industries affected by such rules. These rules can carry significant compliance costs, reshape entire industries, and function like laws, but are imposed without a […]
Protecting Full Expensing for Businesses in Tennessee
THE PROBLEM Full expensing, or bonus depreciation, is a tax policy that enables businesses of all sizes to deduct the full value of capital expenses in the year the expenditures are incurred, rather than depreciating the assets over several years. These investments may be for equipment or infrastructure to support and expand their operations. In […]