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TN HB0330

TN HB0330
AN ACT to amend Tennessee Code Annotated, Title 4, Chapter 3, Part 7; Section 9-16-101 and Title 67, Chapter 6, relative to allocations to counties and municipalities.


summary

Introduced
01/23/2025
In Committee
02/03/2025
Crossed Over
Passed
Dead

Introduced Session

114th General Assembly

Bill Summary

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.

AI Summary

This bill amends Tennessee state law to establish a new process for annually updating population estimates for counties and municipalities between federal census years. Specifically, the Department of Economic and Community Development will now be required to revise and certify population figures each year before July 1, with the Boyd Center for Business and Economic Research at the University of Tennessee generating these annual population estimates through the state data center. These revised population numbers will be used to ensure more equitable allocation of local sales tax revenue, with the certified population figures to be shared with the departments of revenue and finance and administration. The population estimates will be used for revenue distribution purposes, except in years of a federal census or when a jurisdiction has conducted a special census. The changes will take effect on January 1, 2026, and are designed to provide more frequent and accurate population data for administrative and financial planning purposes, helping to ensure that local governments receive appropriate funding based on their current population.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Assigned to s/c Finance, Ways, and Means Subcommittee (on 02/03/2025)

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