TN SB2610

Authorizes municipalities without a school system or LEA within their jurisdiction to levy a privilege tax on property development within their boundaries

Requires the tax to be adopted by ordinance and follow existing rate structures and limitations in §§ 67-4-2908 and 67-4-2909

Tax proceeds must be used exclusively for capital improvement programs for roads, streets, sidewalks, trails, and other transportation infrastructure

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

Takes effect immediately upon becoming law