TN SB1464

Legislative Description

As enacted, revises provisions governing the allocation and distribution of liquor-by-the-drink tax proceeds to local governments for education purposes; creates a legal mechanism whereby a local school board may seek relief in chancery court against a political subdivision that does not make the required distributions of gross receipts liquor-by-the-drink tax proceeds; authorizes certain political subdivisions and school systems to negotiate agreements for the local portion of the gross receipts liquor-by-the-drink tax that are owed by the political subdivision to the school system under the distribution formula, as it existed before July 1, 2014. - Amends TCA Title 4; Title 5; Title 6; Title 7; Title 8; Title 9; Title 49; Title 57 and Title 67.

Comptroller, State

Last Action

Committee Referrals