Gov. Bill Haslam backs bill to end gift tax

photo Tennessee Gov. Bill Haslam

Arkansas-Tennessee Live Blog

NASHVILLE - Gov. Bill Haslam says he may go along with GOP lawmakers' effort to eliminate the state's tax on gifts.

"I think there are a lot of things to be worked out here in the last couple of weeks," the Republican governor told reporters Wednesday. "I think it's something that all of us look at."

Haslam noted that Tennessee and Connecticut are the only states that apply taxes to large gifts.

"And we're not typically in Connecticut's neighborhood when it comes to tax policy," Haslam said. "So I think all of us can say that's probably not something that Tennessee wants to have."

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