Tennessee · 114th Regular Session (2025-2026) · Bill

SB 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.

In committee Last action April 1, 2025: Assigned to General Subcommittee of Senate State & Local Gov't. Committee

Plain-language summary

SB 427 is a bill introduced in the Tennessee Senate on January 28, 2025. According to its official title, it concerns: 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. Primary sponsor: Reeves. Most recent recorded action (April 1, 2025): Assigned to General Subcommittee of Senate State & Local Gov't. Committee.

Sponsors

Primary sponsor: Reeves.