Tennessee SB0337 amends sales and use taxes, allowing counties to levy a higher tax rate for jail construction or debt retirement.

Tennessee SB0337 amends Tennessee Code Annotated, Title 67, Chapter 6, Part 7, concerning sales and use taxes. The bill authorizes counties with a population over 900,000 to levy a tax at a rate of 3.75% for up to eight years, or until debt is retired, whichever is sooner. Revenue from the increased tax rate must be used for constructing a new county jail or retiring debt, including interest and related expenses. After the authorized period, the tax rate reverts to 2.75%.

Tennessee SB0337 amends sales and use taxes, allowing counties to levy a higher tax rate for jail construction or debt retirement.

Tennessee SB0337 amends Tennessee Code Annotated, Title 67, Chapter 6, Part 7, concerning sales and use taxes. The bill authorizes counties with a population over 900,000 to levy a tax at a rate of 3.75% for up to eight years, or until debt is retired, whichever is sooner. Revenue from the increased tax rate must be used for constructing a new county jail or retiring debt, including interest and related expenses. After the authorized period, the tax rate reverts to 2.75%.