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TN SB0427

TN SB0427
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
01/28/2025
In Committee
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 requires the Tennessee Department of Economic and Community Development to annually update and certify population estimates for each county and municipality during the decade between federal censuses. Specifically, the Boyd Center for Business and Economic Research at the University of Tennessee will generate annual population estimates through the state data center, which the department will then review and officially certify. These annual population estimates will be used to ensure more equitable allocation of local state sales tax revenue, with the certified population figures to be provided to the departments of revenue and finance and administration prior to July 1 each year. The population figures will be used for revenue distribution purposes, except in cases where a special census has been conducted or during the year of a regular decennial federal census. This process aims to provide more current and accurate population data for financial planning and resource allocation between Tennessee's counties and municipalities. The bill will take effect on January 1, 2026, giving state agencies time to prepare for the new annual population estimation and certification process.

Committee Categories

Government Affairs

Sponsors (1)

Last Action

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

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