SB1443 - Tennessee: Municipal Government, Taxes, Sales, Tourism

Taxes, Sales - Incrementally reduces special treatment for premier tourist cities for sales tax reimbursement by 20 percent each year beginning with 2007-2008 fiscal year through 2010-2011 fiscal years; eliminates special treatment by July 1, 2011. - Amends TCA Section 67-6-103.

Increase State Expenditures - $12,000 - One-Time Increase State Revenues - $468,000 - FY07-08 $1,549,000 - FY08-09 $2,629,000 - FY09-10 $3,707,000 - FY10-11 $4,784,000 - FY11-12 and thereafter Decrease Local Govt. Revenues - $468,000 - FY07-08 $1,549,000 - FY08-09 $2,629,000 - FY09-10 $3,707,000 - FY10-11 $4,784,000 - FY11-12 and thereafter