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Gov. Lee Signs Bill Granting $2 Billion in Tax Refunds and Cuts for Businesses

Issue #089

16 May

In this What’s Up Columbia issue…

🗓 List of Upcoming Events

⛅️ Columbia Weather - Partly cloudy with a high of 83

💰 Gov. Lee Signs Bill Granting $2 Billion in Tax Refunds and Cuts for Businesses 

🎸 Musicians Corner: Free Concert Series in Nashville

🐠 Swim Lessons at Muletown Rec

🎵 This Week’s Live Music

📌 Columbia’s Best Kept Secret: Is Your Business One of Them?

🗓 Know of Some Local Events Not Listed? Send us the Details! 

Upcoming Local Events

🗓 Have an event to add? Send us the Details!

Thursday, May 16th

Friday, May 17th

Saturday, May 18th

Sunday, May 19th

Monday, May 20th

Tuesday, May 21st

  • May Meeting of Marine Corps League LCPL Andrew P. Carpenter Detachment 1286 - All Marine, Navy veterans & spouses welcome. (Memorial Bldg, 308 West 7th) Email w/ any questions. - 6:00 PM

Thursday, May 23rd

Saturday, May 25th

Gov. Lee Signs Bill Granting $2 Billion in Tax Refunds and Cuts for Businesses

Gov. Bill Lee has signed a bill granting businesses nearly $2 billion in tax refunds and annual tax cuts. The period to claim these funds is now open.

The Tennessee Department of Revenue (TDOR) announced that the claim period for the franchise tax began on Wednesday, May 15, with a limited window for filing.

Signed into law by Lee on May 10, the bill removes the property measure from the franchise tax calculation and allows TDOR to issue refunds to qualifying taxpayers. According to TDOR, taxpayers who used Schedule G to pay the franchise tax on the property measure for tax years ending on or after March 31, 2020, and who filed their returns on or after January 1, 2021, are eligible for a refund. Letters have been dispatched to those potentially eligible.

How you can obtain a refund:

  • Taxpayers must amend their franchise and excise tax returns for all eligible tax periods

  • File a claim for a refund of franchise tax paid on property measure (Schedule G) form

  • Both the amended returns and refund claim must be submitted by Nov. 30, 2024

TDOR advises taxpayers to review their records and consult with a tax professional to ascertain their eligibility for a refund, regardless of whether they receive a notification letter. To assist taxpayers, TDOR has set up a website featuring frequently asked questions, a recorded webinar with a demonstration on filing a refund claim, and other helpful resources. 

Musicians Corner: Free Concert Series in Nashville

This weekend kicks off the 2024 season of Musicians Corner and marks the 15th year of free live music in Centennial Park. There are also many more dates throughout the spring and fall with an impressive list of artists. Check out the complete schedule here. 

The Musicians Corner amphitheatre is located at the corner of West End Avenue and 27th Avenue North in Nashville's Centennial Park. 

Children are encouraged to visit Kidsville, the outdoor destination for parents to bring their little ones to enjoy fun, fitness, crafts, and educational Musical Meet & Greet guests and activities.

Swim Lessons at Muletown Rec

Give your kids the gift of water safety with swim lessons at Muletown Rec. Watch as their confidence soars as they learn essential swimming and survival skills. Don't let summer slip away without ensuring their safety and enjoyment in the water.

Muletown Rec's SCHOOL OF FISH swim school summer session will begin June 10th - July 26th

Lessons are sold by the week: Monday - Friday

Times are 8am, 9am, 10am, 11am, 2pm, 3pm, 4pm, 5pm,

Cost of lessons for the week: $100/Members and $125/Non-members

Enroll your child in lessons today by calling the Muletown Rec front desk  at 931-375-1800!

🎵 This Week’s Live Music 🎵

Columbia’s Best Kept Secret: Is Your Business One of Them? 

We ❤️ love local businesses!

We know our community is brimming with businesses that have fascinating stories and big hearts. If you're a local business owner making waves, crafting unique experiences, or simply putting a smile on our faces, we want to chat with you! "What’s Up Columbia!" is eager to shine a light on the unsung heroes of our town. Let's collaborate and let the community know what makes your business special. Send us a message, and let's celebrate the spirit of Columbia together!

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