Amends TCA Title 6 and Title 67, Chapter 6.
Tennessee SB0754 amends Title 6 and Title 67, Chapter 6 of the Tennessee Code Annotated to establish the "Courthouse Square Revitalization Act," allowing municipalities to designate revitalization zones around courthouse squares. The bill affects municipalities that are county seats with populations under 30,000, excluding larger cities, and it enables them to allocate state sales tax revenue generated within these zones for revitalization efforts. Key provisions include requirements for municipalities to apply for approval of revitalization zones and stipulations on how the allocated funds must be used, such as for infrastructure and marketing improvements.
Tennessee SB0754 amends Title 6 and Title 67, Chapter 6 of the Tennessee Code Annotated to establish the "Courthouse Square Revitalization Act," allowing municipalities to designate revitalization zones around courthouse squares. The bill affects municipalities that are county seats with populations under 30,000, excluding larger cities, and it enables them to allocate state sales tax revenue generated within these zones for revitalization efforts. Key provisions include requirements for municipalities to apply for approval of revitalization zones and stipulations on how the allocated funds must be used, such as for infrastructure and marketing improvements.
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Yager, Ken
114th General Assembly
February 4, 2025
April 7, 2025
Assigned to General Subcommittee of Senate Finance, Ways & Means Committee