US EditionEldridge: Cookeville Wants More Tax Revenue
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Eldridge: Cookeville Wants More Tax Revenue
Cookeville Vice-Mayor Luke Eldridge said residents unhappy about property tax increases should pressure legislators to change the sales tax rules on higher-priced items. Eldridge said Tennessee’s Single Article Cap Tax puts a 2.75 percent limit on the sales tax that can be collected by the city on singular items between $1,600- $3,200. Tennessee increased the sales tax rate from six percent to seven percent in 2002. Eldridge said the one percent…
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