TN HB2323

Municipalities without a school system or LEA within their jurisdiction may levy a privilege tax on property development within their boundaries by adopting an ordinance

Tax rates and conditions must follow existing requirements in §§ 67-4-2908 and 67-4-2909

Revenue must be used exclusively for capital improvements to transportation infrastructure including roads, streets, sidewalks, and trails

Municipalities may adopt administrative guidelines, procedures, regulations, and forms to implement and enforce the tax

Takes effect immediately upon becoming law