SB0754 amends Tennessee law to facilitate courthouse square revitalization through tax revenue allocation and project selection.

SB0754 amends Tennessee Code to enhance courthouse square revitalization efforts. It allows municipalities to designate revitalization zones and apply for state sales and use tax revenue allocations. The Department of Finance and Administration reviews applications to ensure compliance with size and form requirements. Up to six projects can be selected statewide, with a limit of two per grand division. The bill also mandates that municipalities receiving tax revenue allocations under the previous Courthouse Square Revitalization Pilot Project Act continue to receive them.

SB0754 amends Tennessee law to facilitate courthouse square revitalization through tax revenue allocation and project selection.

SB0754 amends Tennessee Code to enhance courthouse square revitalization efforts. It allows municipalities to designate revitalization zones and apply for state sales and use tax revenue allocations. The Department of Finance and Administration reviews applications to ensure compliance with size and form requirements. Up to six projects can be selected statewide, with a limit of two per grand division. The bill also mandates that municipalities receiving tax revenue allocations under the previous Courthouse Square Revitalization Pilot Project Act continue to receive them.