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TN HB1402

Bill

Official Source

Status

Introduced

2/10/2025

Primary Sponsor

Gary Hicks

Click for details

Origin

House of Representatives

114th General Assembly

AI Summary

  • Amends Tennessee Code Annotated, Section 9-4-5203 to remove references to calendar year 1977 and fiscal year 1977-1978 as baseline comparison points for calculating state appropriations growth
  • Updates the appropriations growth calculation to use only the fiscal year in progress and the latest completed calendar year
  • Implements Article II, Section 24 of the Tennessee Constitution, which governs limits on state spending growth relative to economic growth
  • Takes effect immediately upon becoming law

Legislative Description

AN ACT pursuant to Article II, Section 24, of the Tennessee Constitution providing for the dollar amount and rate by which the growth of appropriations from state tax revenues will exceed the estimated growth in the state's economy and to amend Tennessee Code Annotated, Title 9, Chapter 4, Part 52.

Budget Procedures

Last Action

Assigned to s/c Finance, Ways, and Means Subcommittee

1/14/2026

Committee Referrals

Finance, Ways & Means1/14/2026
Delayed Bills2/10/2025

Full Bill Text

No bill text available