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.
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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Stevens, Robert
114th General Assembly
January 23, 2025
February 3, 2025
Assigned to s/c Finance, Ways, and Means Subcommittee