Amends TCA Title 4, Chapter 3; Title 4, Chapter 49; Section 9-16-101; Title 54, Chapter 4; Title 55, Chapter 4; Title 57, Chapter 5, Part 2; Title 57, Chapter 3, Part 3; Title 67, Chapter 3, Part 9; Title 67, Chapter 4, Part 9 and Title 67.

Tennessee SB0875 requires the Department of Economic and Community Development to revise and certify the population estimates for each county and municipality annually, ensuring equitable allocation of state sales tax revenue based on these estimates. The bill affects counties and municipalities across Tennessee, as it mandates that funds and revenues subject to population-based distribution be allocated according to the certified population figures. Key provisions include the involvement of the Boyd Center for Business and Economic Research for generating population estimates and the requirement for these estimates to be provided to the Department of Revenue and the Department of Finance and Administration by July 1 each year.