HB0100 - Tennessee - Revenue, Dept. Of, Taxes, Sales

Companion Bill SB0341. Taxes, Sales - Distributes certain sales taxes collected at a new coal mining museum and associated hotel to entity responsible for retirement of debt for such museum for up to 30 years. - Amends TCA Title 67, Chapter 6. Fiscal Summary for *HB0100 / SB0341(CORRECTED) Other Fiscal Impact - The fiscal impact of this bill is dependent upon construction (for a new museum and connected hotel) being contingent upon this legislation. If construction will be completed regardless of the outcome of this legislation, then the fiscal impact is considered a decrease to state revenues estimated to be $156,000 per year; local government revenues (to Lake City) would increase by $156,000 per year. If construction is contingent upon passage of this legislation, then the fiscal impact is considered foregone state revenues estimated to be $156,000 per year; local government [...]

show full description