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TN HB0969

Bill

Official Source

Status

Passed

5/27/2025

Primary Sponsor

David Hawk

Click for details

Origin

House of Representatives

114th General Assembly

AI Summary

  • Sales and use tax revenue from new and used tire sales will be earmarked for the state highway fund beginning July 1, 2025
  • Revenue allocation capped at $80 million for fiscal year 2025-2026, with amounts exceeding the cap distributed through standard allocation formulas
  • Sales tax revenue increases previously dedicated to education (from 1992 and 2002 legislation raising rates to 6% and 7%) are protected and excluded from the highway fund reallocation
  • Passed April 22, 2025 and signed by Governor Bill Lee on May 21, 2025, taking effect immediately

Legislative Description

AN ACT to amend Tennessee Code Annotated, Title 4; Title 54; Title 55; Title 65 and Title 67, relative to transportation.

Public Funds and Financing

Last Action

Effective date(s) 05/21/2025

5/27/2025

Committee Referrals

Calendar and Rules4/17/2025
Finance, Ways & Means4/17/2025
Finance, Ways & Means Subcommittee3/12/2025
Finance, Ways & Means2/25/2025
Transportation2/18/2025
General Sub of Transportation2/12/2025
Transportation2/10/2025

Full Bill Text

No bill text available