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Bill > HB1402


TN HB1402

TN HB1402
AN ACT pursuant to Article II, Section 24, of the Tennessee Constitution providing for the dollar amount and rate by which the growth of appropriations from state tax revenues will exceed the estimated growth in the state's economy and to amend Tennessee Code Annotated, Title 9, Chapter 4, Part 52.


summary

Introduced
02/10/2025
In Committee
01/14/2026
Crossed Over
Passed
Dead

Introduced Session

114th General Assembly

Bill Summary

As introduced, deletes requirements that budget document includes personal income statement for calendar year 1977 and actual state appropriations for fiscal year 1977-1978. - Amends TCA Title 9, Chapter 4, Part 52.

AI Summary

This bill updates Tennessee's budget documentation requirements by removing outdated references to specific historical fiscal years (particularly 1977 and 1977-1978) from the state's legal code. Specifically, the bill amends Tennessee Code Annotated, Section 9-4-5203, to streamline budget document requirements by eliminating mandates that budget documents include personal income statements and actual state appropriations for those older fiscal years. Instead, the updated language now requires budget documents to include information only for the current fiscal year in progress and the most recently completed calendar year. The changes appear to be a housekeeping measure to modernize the state's budgeting statute by removing obsolete reporting requirements that are no longer relevant due to the passage of time. The bill will take effect immediately upon becoming law, as determined by the Tennessee General Assembly.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Assigned to s/c Finance, Ways, and Means Subcommittee (on 01/14/2026)

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