TN HB0649

Requires the Tennessee Department of Revenue to remit 50% of recordation taxes on real property transfers back to the county where collected, with existing commissions and fund allocations deducted from the state's retained 50%

Restricts county use of these funds to infrastructure (roads, bridges, schools, public facilities), debt service for capital projects, matching funds for state/federal projects, and other nonrecurring expenses—prohibits use for salaries and benefits

Mandates counties dedicate at least 50% of received funds to transportation infrastructure projects, with county highway department chiefs required to present spending recommendations to county commissions

Prohibits counties from using these funds to supplant existing state or local appropriations for county roads and bridges

Effective July 1, 2025, applying to real property transfers on or after that date; funds excluded from local revenue calculations for five-year averages under § 67-3-901(d)