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Tennessee CPAs lobby lawmakers

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Tennessee CPAs lobby lawmakers


The Tennessee Society of CPAs organized an annual visit to the state capital in Nashville to visit legislators and call on them to make changes in state laws.

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The main demand came in response to last year’s passage of the One Big Beautiful Bill Act in Congress, with state CPAs asking lawmakers to pass a bill known as HB 0477/SB 0032 to align the tax rules for bonus depreciation with those in the OBBBA. The bill is supported by both the TSCPA and the Tennessee Chamber of Commerce. The OBBBA restored 100% bonus depreciation for most property acquired and placed in service after Jan. 19, 2025 after it had been temporarily phased out under the Tax Cuts and Jobs Act. 

“Due to changes resulting from the One Big Beautiful Bill Act, Tennessee’s treatment of bonus depreciation is no longer coupled with federal treatment, which creates unnecessary complexity for Tennessee taxpayers,” said TSCPA president and CEO Kara Fitzgerald in a statement. “This legislation would align the state’s bonus depreciation provisions with federal law, allowing Tennessee businesses to focus on growth and investment.”

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This marks the fourth year the TSCPA has held its Day on the Hill event in Nashville. Tennessee CPAs also visited lawmakers to thank them for supporting the state’s Less Is More Act, which was signed into law last April and expanded the paths to CPA licensure in the Volunteer State.

The attendees met with over 30 lawmakers and officials Wednesday, including Lt. Gov. Randy McNally, Speaker of the House Cameron Sexton, Government Operations Committee Chair Justin Lafferty, House Majority Leader William Lamberth and Senate Majority Leader Jack Johnson. In addition, the CPAs met with Tennessee Comptroller of the Treasury Jason Mumpower, Commissioner of the Tennessee Department of Revenue David Gerregano, and Deputy Director of the Tennessee Comptroller’s Division of Investigations Christy Tennant.

“One of TSCPA’s goals is to be a resource for state lawmakers on business and tax matters, as our members possess a unique combination of financial and analytical skills that can assist with the review of legislation,” Fitzgerald stated. “Day on the Hill is a way for TSCPA members to impact not only the accounting profession in our state but also Tennessee’s business environment as a whole.”



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Tennessee

LSU women ride hot third quarter into win over Tennessee in last regular-season home game

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LSU women ride hot third quarter into win over Tennessee in last regular-season home game


Tennessee shifted over toward Mikaylah Williams. So the LSU women’s basketball team’s star junior peered across the lane and roped a pass over the defense and down to Flau’jae Johnson, who buried a 3-pointer from the corner.

That bucket was an important one. It didn’t just give the No. 6 Tigers (25-4, 11-4 SEC) a 12-point lead late in the third quarter. It also marked the point at which they took control of their 89-73 win over the Lady Vols on Thursday — a victory orchestrated by their three-star guards.

Williams tallied 20 points, 10 rebounds, five assists and two steals. MiLaysia Fulwiley scored 18 points, grabbed six boards, blocked four shots and assisted three others. Johnson, on her senior night, shot only 3 of 10 from the field and 3 of 9 at the free-throw line but still finished with 10 points, becoming one of four LSU contributors to score in double figures.

The Tigers have now clinched a double bye in the SEC Tournament for the fifth year in a row.

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“Today it was,” coach Kim Mulkey said, “don’t settle for anything outside the paint until they take charges or they stop you. You just go right to the paint, and you score, and I thought we did that.”

Tennessee runs a unique system. Second-year coach Kim Caldwell makes hockey-style line changes, engages a full-court press for the whole game and encourages the Lady Vols (16-11, 8-7) to let their 3-pointers fly. They’re certainly dangerous. But they did enter Thursday’s matchup with losses in seven of their past nine games.

LSU was in much better shape. It just needed to collect Tennessee’s misses and minimize its turnovers to get the win, which it did, for the most part, in the second half. The Tigers may have allowed the Lady Vols to shoot 11 of 29 from beyond the arc, but they also gave up only seven offensive rebounds and coughed up just four possessions across the third and fourth quarters.

Freshman forward ZaKiyah Johnson added 14 points on 7-of-12 shooting and grabbed eight rebounds, while Grace Knox — another freshman forward — chipped in 13 points and nine boards. Sophomore point guard Jada Richard added nine points.

Tennessee had three players in double figures. Its leading scorer was Jaida Civil, a freshman guard who finished with 17 points.

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“We were moving the ball as a team,” Caldwell said. “ I think we were doing a really good job on the offensive glass. They obviously made the adjustment. That was harder for us coming out (of halftime), and they really picked up their effort at the rim, and we gave up a lot of second-chance points.”

The two teams traded hot shooting stretches in the first half. Tennessee struck first, using a trio of 3-pointers to string together a 9-0 run halfway through the first quarter. LSU then responded in the second by collecting misses and using them to build a 14-0 blitz, but it just couldn’t shake the turnover issues that the Lady Vols both forced and turned into points.

The Tigers led just 43-42 at halftime, but they began the fourth quarter with a much more commanding 70-59 advantage, in large part because they turned the ball over only once in the third. Williams — who became the 17th player in LSU history to eclipse 1,500 career points on Thursday — either scored or assisted seven of the 12 field goals LSU converted in that frame.

“I thought Mikaylah Williams really, really had a good game,” Mulkey said.

According to ESPN, Mulkey is now the first coach in SEC history to lead a team to at least 25 wins in each of the first five seasons of their tenure. Mulkey has eclipsed that number of victories in 23 of the 26 seasons of her head coaching career.

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LSU also honored seniors Izzy Besselman and Amiya Joyner on Thursday. Besselman is a former walk-on guard who’s missed the last two seasons while battling a heart condition. She checked in to the game to a loud ovation in the waning seconds of the fourth quarter, making her first appearance in a game since March 24, 2024.

Joyner is a 6-foot-2 forward who joined the Tigers ahead of this season as a transfer from East Carolina. She’s started each of the past four games, and on Thursday, she played eight minutes.

The Tigers will now finish in the top four of the SEC’s regular-season standings for the fifth consecutive year. They won’t start their conference tournament run until the quarterfinal round tips off next Friday in Greenville, South Carolina.

Before then, though, LSU will play one more regular-season game: a road matchup with Mississippi State that will tip off at 3 p.m. Sunday.



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Tennessee Lt. Gov. Randy McNally, a longtime Oak Ridge lawmaker, is retiring

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Tennessee Lt. Gov. Randy McNally, a longtime Oak Ridge lawmaker, is retiring


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Randy McNally, the longtime Republican lawmaker from Oak Ridge and leader of the Tennessee Senate since 2017, is retiring, he announced on the Senate floor. He will not seek reelection in 2026.

His retirement marks the end of a 47-year tenure in the state legislature, where he made waves for East Tennessee and rose to the second-highest ranking role in the state as lieutenant governor.

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“This is a very difficult thing to do,” McNally told his colleagues Feb. 26. “I’ve decided not to run for reelection in November. My aim each day was to leave my state and my community a little better than I found them. Together, I believe we have done just that. Tennessee’s success is due in no small part to the people I have served alongside every day.”

McNally cited health concerns as the reason for his retirement, adding he wants to make the most of the coming years.

The Anderson County resident was the highest-ranking East Tennessean in the state government, elected by his colleagues to lead the State Senate and manage policy and budget priorities.

McNally, 82, represents the 5th Senate District, which includes all of Anderson and Loudon counties, as well as a sliver of Knox County stretching from downtown up to Sharp’s Ridge north to Powell and in the county’s west side through Karns and Hardin Valley.

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“My public service has been a team effort every step of the way,” McNally said on social media. “I offer my deepest thanks to the constituents I have served and to the members and staff with whom I have collaborated.”

That means the Aug. 6 primary election for his seat is wide open. The general election is Nov. 3.

McNally had taken initial steps to run for reelection by pulling a nominating petition. He is the only Republican in the district to have done so.

There’s no clear successor for lieutenant governor. Top contenders include Senate Majority Leader Jack Johnson, R-Franklin, and Commerce Committee Chairman Paul Bailey, R-Sparta. The Senate Republican Caucus will hold elections to select a successor. 

Well-wishes for McNally have begun to flow.

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“(McNally) has been a trusted friend and a steady conservative leader for Tennessee,” U.S. Sen. Bill Hagerty said on social media. “From his time in the House of Representatives to his service as lieutenant governor, Speaker McNally has never wavered in his commitment to the betterment of our state. Thank you for your years of service and wishing you well in your next chapter.”

Randy McNally’s long history in the Tennessee legislature

McNally was elected to the state House of Representatives in 1979 and served there for eight years before moving on to the state Senate. He became Tennessee’s lieutenant governor in 2017.

McNally made a name for himself in the late 1980s through his participation in Operation Rocky Top. He worked undercover with the FBI, Tennessee Bureau of Investigation and the Internal Revenue Service to expose illegal activities among state officials.

During his time in office, McNally at times went against members of his party by showing reluctance to support bills he feared would cause unnecessary conflict, particularly those that critics said targeted the LGBTQ community.

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In 2023, McNally was the was criticized for comments he left on sexual Instagram photos posted by a young man who is gay. McNally stood by his comments, saying he tries to support all constituents.

USA TODAY-Network Tennessee contributed to this report.

Allie Feinberg is the politics reporter for Knox News. Email: allie.feinberg@knoxnews.com; Reddit: u/KnoxNewsAllie



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Opinion | MAGA world’s violent pregnancy-related rhetoric is on full display

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Opinion | MAGA world’s violent pregnancy-related rhetoric is on full display


Conservatives’ crusade against reproductive freedom is deathly serious. Two controversies over the past week highlight some of the violence undergirding the MAGA movement’s assault on the idea of people choosing when and whether to bear children.

In Tennessee, two GOP state lawmakers are gauging interest in legislation that would make people eligible for homicide charges — and potentially the death penalty — for receiving or assisting with an abortion.

The bill’s co-sponsor in the state Senate said he doesn’t think the bill currently has the votes but ultimately could. Per the WSMV television station in Nashville:

“We want to be very open and have a conversation, whether it’s controversial or not — let’s hear from all sides to see where we are as Tennessee and where we stand,” [state Sen. Mark] Pody said. “Talking to some colleagues, we don’t have the votes to move something like that in the Senate at this moment.”

Pody said he does not consider the bill dead on arrival in the Senate, adding he believes there is a possibility for negotiation and that Republicans in the House and Senate could reach an agreement on language that could pass both chambers.

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Most Americans seem to think we shouldn’t kick the tires on state-sponsored executions for abortion recipients. Pody apparently disagrees.

His fellow co-sponsor in the House, state Rep. Jody Barrett, didn’t sound any more sane in his exchanges about the bill with reporter Chris Davis from WTVF, the CBS affiliate in Nashville.

“Murder should be murder, whether it’s a person in being or a person in utero,” Barrett said.



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