The Hall tax was established by action of the Tennessee General Assembly in 1929, by Chapter 86, Public Acts of 1929, enacted on April 10, 1929. It is named for Frank S. Hall, the state senator who sponsored the legislation.
It's a great question to ask -- especially while you pore over tax forms this year. Seven U.S. states currently don't have an income tax: Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming. And residents of New Hampshire and Tennessee are also spared from handing over an extra chunk of their paycheck on April 15, though they do pay tax on dividends and income from investments.
Floridaâs official nickname is âThe Sunshine State,â but it may as well be âThe Low-Tax State.â Thatâs because Florida is the only state east of the Mississippi that doesnât collect income taxes of any kind. At the same time the state charges a sales tax rate of 6%, close to the 5.75% median among all states. There are, however, some taxes that are higher in Florida than elsewhere. Floridaâs gas tax is among the highest in the country.