Tennessee SB2200 amends state revenue allocation laws to phase in funding reductions for counties and municipalities over five years.
Tennessee SB2200 modifies several sections of Tennessee Code Annotated to alter how the state phases in reductions in revenue allocations to counties and municipalities due to population changes. The bill requires the Department of Revenue to implement reductions incrementally, limiting the first-year loss to 20% of the total annual population-based revenue loss, with the remaining loss phased in over four years.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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