Skip to content
NFIB Logo Join Now

WATCH: McNally Optimistic General Assembly Will Eliminate Professional Privilege Tax

WATCH: McNally Optimistic General Assembly Will Eliminate Professional Privilege Tax

February 16, 2022 Last Edit: June 5, 2025

WATCH: McNally Optimistic General Assembly Will Eliminate Professional Privilege Tax

Speaking at this week’s NFIB Small Business Day, Lt. Gov. Randy McNally said he’s optimistic the legislature will finally eliminate Tennessee’s onerous professional privilege tax. “This year might be the year that we get through finishing off the professional privilege tax,” McNally said. The $400 annual tax remains on seven professions, including attorneys, doctors, and investment advisers. Eliminating the professional privilege tax is one of NFIB’s top legislative priorities, State Director Jim Brown said. “No professional should be taxed simply for owning or running a business,” he said. “NFIB members believe strongly it’s a right, not a privilege, to go to work. We thank Lt. Gov. McNally for his comments and dedication to finish the job and end this discriminatory tax.” Small Business Day took place on Tuesday, Feb. 15, at the Cordell Hull State Office Building across from the State Capitol in Nashville. Brown also chatted with former U.S. Sen. Bob Corker, who spoke about his 12 years in Congress as well as his tenure as mayor of Chattanooga. Corker said he agreed to speak at Small Business Day because of his long relationship with the National Federation of Independent Business. Other speakers included “Inside Politics” host Pat Nolan and Tennessee Journal editor Erik Schelzig, who offered their perspectives on a host of issues including the upcoming midterm elections. Later, NFIB members Connie Vaughan of McKee Foods, Hugh Morrow of Ruby Falls, and Peter Demos of Demos Brands joined Senior Grassroots Manager Elizabeth Parks in a panel discussion on the importance of engaging with state and federal legislators. Here are some of the other highlights from the event.
Get to know NFIB

NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.

Receive our newsletter and email notification
Knowledge is power. Let us help you stay informed with breaking legislative news, regulatory updates, business tips, and more.

Related Articles

Kentucky State Capitol
March 26, 2026
Passage of Tax Simplification Bill a Big Victory for KY Small Businesses
The measure had strong bipartisan support.
Read More
Female cash register attendant helping a family of three with a groceries purchase.
March 26, 2026
NFIB Urges LA House Committee to Support Sales Tax Amendment
The proposed state constitutional amendment would make things easier for small businesses.
Read More
March 23, 2026
Illinois House Committee Advances Bill to Give Unemployment Benefits to Striking Workers
The Illinois House Labor Committee voted to advance a bill that would give unemployment benefits to striking workers. The measure, HB 2565 (Vella), would pe…
Read More
March 20, 2026
ICYMI: NFIB President Brad Close Joins the Radio on WSYR/Syracuse, WGY/Albany to Discuss the 20% Small Business Deduction
NFIB led the successful fight to make the federal Small Business Deduction permanent last year.
Read More

© 2001 - 2026 National Federation of Independent Business. All Rights Reserved. Terms and Conditions | Privacy Policy | Accessibility