Amends Chapter 68 of the Private Acts of 1937; as amended.
Tennessee SB1456 amends Chapter 68 of the Private Acts of 1937 to increase the assumed property tax collection rate from 85 percent to 92 percent for setting the general tax rate of the county general fund and for creating the county budget for the upcoming appropriation year. This bill primarily affects county governments in Tennessee by allowing them to anticipate a higher rate of property tax collection when planning their budgets. The key change is the adjustment of the assumed collection rate, which may impact revenue projections and budgetary decisions at the county level.
Tennessee SB1456 amends Chapter 68 of the Private Acts of 1937 to increase the assumed property tax collection rate from 85 percent to 92 percent for setting the general tax rate of the county general fund and for creating the county budget for the upcoming appropriation year. This bill primarily affects county governments in Tennessee by allowing them to anticipate a higher rate of property tax collection when planning their budgets. The key change is the adjustment of the assumed collection rate, which may impact revenue projections and budgetary decisions at the county level.
Track Tennessee Legislation Like a Pro
Join hundreds of professionals using LegisGo to stay ahead of legislative changes.
Instant Alerts
Get notified when bills you track move through the legislature
AI Summaries
Understand complex legislation in seconds with AI-powered analysis
Full Access
All 132 legislators, committee schedules, and voting records