HB3863 - Tennessee - Appropriations, Budget Procedures, Revenue, Taxes, Sales

Companion Bill SB3934. Budget Procedures - Establishes the county revenue partnership fund; requires Tennessee advisory commission on intergovernmental relations to study provisions of this act. - Amends TCA Title 67. Fiscal Summary for *HB3863 / SB3934 Increase State Expenditures - Exceeds $1,000,000 Increase Local Revenue - Exceeds $1,000,000 Other Fiscal Impact - The amount of increased state expenditures and increased local revenue is contingent upon the amount appropriated by the General Assembly. Bill Summary for *HB3863 / SB3934 This bill establishes a separate account within the state general fund, to be known as the "county revenue partnership fund." The county revenue partnership fund would be subject to annual appropriation at a level to be determined by the general assembly, but would not exceed the amount distributed to municipalities [...]

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