HB0330In Committee

Amends TCA Title 4, Chapter 3, Part 7; Section 9-16-101 and Title 67, Chapter 6.

Tennessee HB0330 mandates the Department of Economic and Community Development to annually revise and certify the population of each county and municipality, as well as the state's aggregate population, to ensure equitable distribution of funds to incorporated municipalities. The bill affects counties, municipalities, and the allocation of sales and use tax revenues, requiring that distributions be based on the newly certified populations rather than solely on the latest federal census. Key provisions include the involvement of the Boyd Center for Business and Economic Research in generating population estimates and the stipulation that these estimates will influence the allocation of state funds, except in cases of special or decennial censuses.

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Overview

Tennessee HB0330 mandates the Department of Economic and Community Development to annually revise and certify the population of each county and municipality, as well as the state's aggregate population, to ensure equitable distribution of funds to incorporated municipalities. The bill affects counties, municipalities, and the allocation of sales and use tax revenues, requiring that distributions be based on the newly certified populations rather than solely on the latest federal census. Key provisions include the involvement of the Boyd Center for Business and Economic Research in generating population estimates and the stipulation that these estimates will influence the allocation of state funds, except in cases of special or decennial censuses.

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Sponsor

Stevens, Robert

Details
Session

114th General Assembly

Introduced

January 23, 2025

Last Action

February 3, 2025

Assigned to s/c Finance, Ways, and Means Subcommittee

Subjects
Taxes, SalesUniversity of TennesseeRevenue, Dept. ofRevenuePublic Funds and FinancingLocal Government, GeneralFinance and Administration, Dept. ofEconomic and Community Development, Dept. ofCensus

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HB0330: Amends TCA Title 4, Chapter 3, Part 7; Section 9-16-101 and Title 67, Chapter 6. | LegisGo