SB0024 amends Tennessee Code to allocate sales tax revenue for the highway fund.
SB0024 amends Tennessee Code to allocate sales tax revenue for the highway fund. It specifies that the incremental increase in state sales tax revenue from the sale, use, consumption, distribution, or storage of new or used motor vehicles and new or used tires, above base tax revenues, must be deposited in the highway fund. The bill takes effect July 1, 2025.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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