Since leaders have been contemplating what to do with the State of Tennessee’s budget surplus, here’s an idea: cut the Professional Privilege Tax.
Three years ago this tax was doubled when the state was dealing with a budget crisis. Yes, $400 merely to have the “privilege” of holding a license, regardless if you are currently earning income from it or not.
If the budget crisis has passed, how about reverting the tax back to $200? As tax policy matter, does it really even make sense to levy a tax based merely on the “privilege” of practicing in a designated profession?