TN HB1457

Legislative Description

As introduced, establishes the Tennessee taxpayer relief and recession reserve; clarifies that deposits into the reserve for revenue fluctuation and the relief and recession reserve do not count toward the Copeland Cap; provides an automatic, temporary sales tax reduction when there are sufficient over collections to offset the loss of revenue. - Amends TCA Title 9 and Title 67.

Public Funds and Financing

Last Action

Committee Referrals