Tennessee Senate Bill 427: Taxes, Sales - As introduced, requires the department of economic and community development to revise and certify the population of each county and municipality, and the aggregate population of the state, prior to July 1 each year during the interim between the regular decennial federal census to ensure equitable allocation and distribution of the local share of state sales tax revenue; requires the Boyd Center for Business and Economic Research at the University of Tennessee, through the Tennessee state data center, to generate annual population estimates for each county and municipality and provide the estimates to the department of economic and community development for review and certification. - Amends TCA Title 4, Chapter 3, Part 7; Section 9-16-101 and Title 67, Chapter 6.

Tennessee · 114 session

Status: In committee

What it does

As introduced, requires the department of economic and community development to revise and certify the population of each county and municipality, and the aggregate population of the state, prior to July 1 each year during the interim between the regular decennial federal census to ensure equitable allocation and distribution of the local share of state sales tax revenue; requires the Boyd Center for Business and Economic Research at the University of Tennessee, through the Tennessee state data center, to generate annual population estimates for each county and municipality and provide the estimates to the department of economic and community development for review and certification. - Amends TCA Title 4, Chapter 3, Part 7; Section 9-16-101 and Title 67, Chapter 6.

Latest action

Assigned to General Subcommittee of Senate State & Local Gov't. Committee (2025-04-01)

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