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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.

Introduced·2/10/25
Draft Text

Tennessee HB1402 amends the state's appropriations growth rate calculation by removing outdated references to fiscal year 1977.

Tennessee HB1402 modifies the state's appropriations growth rate calculation by updating references in Tennessee Code Annotated, Section 9-4-5203. The bill removes outdated references to fiscal year 1977, ensuring the calculation only considers the fiscal year in progress and the latest completed calendar year. This change aims to streamline the process for determining the growth of appropriations from state tax revenues relative to the state's economic growth. The act takes effect immediately upon becoming law.

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  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Current
In committee
Next
Committee decision

Sponsors

0
1
R
Democratic CaucusRepublican Caucus

History

Jan 14

House

P2C, ref. to Finance, Ways, and Means Committee

Jan 14

House

Assigned to s/c Finance, Ways, and Means Subcommittee

Jan 13

House

Intro., P1C.