Top Legislation - View All
Latest Action: 06/06/2007 - Taken Off Notice For Calendar in Subcommittee Budget of Finance, Ways and Means of Finance, Ways & Means Committee Bill TextCompanion Bill SB0532. Economic and Community Development - Expands the Tennessee river resort district act to include Humphreys and Stewart counties. - Amends TCA Section 67-6-103(a)(3)(F). Fiscal Summary for *HB0327 / SB0532Decrease State Revenues - $425,000 Increase State Expenditures - $6,000 One-Time Increase Local Govt. Revenues - $425,000 Bill Summary for *HB0327 / SB0532 Under present law, 4.2462 percent of sales and use tax revenue is distributed to incorporated municipalities based on the municipalities' population. Present law provides for alternate distribution calculations for municipalities classified as premier type tourist resorts. Present law also provides for an alternate distribution for counties in the first quartile of economic distress in the U.S. for fiscal year 2006 which borders or is crossed by the Tennessee River that [...] show full description
Latest Action: 06/11/2007 - Assigned to Gen. Sub of: Senate Finance, Ways and Means Comm. Bill TextCompanion Bill HB0327. Economic and Community Development - Expands the Tennessee river resort district act to include Humphreys and Stewart counties. - Amends TCA Section 67-6-103(a)(3)(F). Fiscal Summary for SB0532 / *HB0327Decrease State Revenues - $425,000 Increase State Expenditures - $6,000 One-Time Increase Local Govt. Revenues - $425,000 Bill Summary for SB0532 / *HB0327 Under present law, 4.2462 percent of sales and use tax revenue is distributed to incorporated municipalities based on the municipalities' population. Present law provides for alternate distribution calculations for municipalities classified as premier type tourist resorts. Present law also provides for an alternate distribution for counties in the first quartile of economic distress in the U.S. for fiscal year 2006 which borders or is crossed by the Tennessee River that [...] show full description
Latest Action: 06/19/2007 - Public Chapter 376 Bill TextCompanion Bill SB0570. Education - Creates and expands certain accountability provisions for school systems, directors of schools, principals, teachers, and teacher training programs. - Amends TCA Title 3; Title 4; Title 5; Title 6; Title 7; Title 8; Title 9; Title 12; Title 16; Title 30; Title 36; Title 39; Title 40; Title 45; Title 47; Title 48; Title 49; Title 55; Title 56; Title 57; Title 61; Title 62; Title 67; Title 68; Title 69; Title 70 and Title 71. Fiscal Summary for *HB0472 / SB0570Decrease State Revenues - $11,822,000 / General Fund $26,514,000 / Education Fund $1,870,000 / Earmarked to Local Govt. $150,000 / Department of Revenue $374,000 / Sinking Fund Decrease Local Govt. Revenues - $1,870,000 Bill Summary for *HB0472 / SB0570 ON MAY 31, 2007, THE HOUSE [...] show full description
Latest Action: 06/19/2007 - Companion became Public Chapter 376 Bill TextCompanion Bill HB0472. Education - Creates and expands certain accountability provisions for school systems, directors of schools, principals, teachers, and teacher training programs. - Amends TCA Title 3; Title 4; Title 5; Title 6; Title 7; Title 8; Title 9; Title 12; Title 16; Title 30; Title 36; Title 39; Title 40; Title 45; Title 47; Title 48; Title 49; Title 55; Title 56; Title 57; Title 61; Title 62; Title 67; Title 68; Title 69; Title 70 and Title 71. Fiscal Summary for SB0570 / *HB0472Decrease State Revenues - $11,822,000 / General Fund $26,514,000 / Education Fund $1,870,000 / Earmarked to Local Govt. $150,000 / Department of Revenue $374,000 / Sinking Fund Decrease Local Govt. Revenues - $1,870,000 Bill Summary for SB0570 / *HB0472 ON MAY 31, 2007, THE HOUSE [...] show full description
Latest Action: 02/14/2007 - Assigned to Subcommittee Local Government of S&LG Bill TextCompanion Bill SB1384. Regional Authorities and Special Districts - Enacts "Cumberland River Resort District Act of 2007." - Amends TCA Title 57, Chapter 4, Part 1 and Title 67, Chapter 6, Part 1. Fiscal Summary for *HB0617 / SB1384Decrease State Revenues - $43,300,000 Increase Local Govt. Revenues - $21,650,000 / General Purposes $21,650,000 / Earmarked for tourism Bill Summary for *HB0617 / SB1384 Under present law, 4.2462 percent of sales and use tax revenue is distributed to incorporated municipalities based on the municipalities' population. Present law provides for alternate distribution calculations for municipalities classified as premier type tourist resorts. This bill adds that a county bordering on or crossed by the Cumberland River may elect to be a "Cumberland River resort district" for sales and use [...] show full description
Latest Action: 02/12/2007 - Passed second consideration, Referred to Senate S&L Govt. Comm. Bill TextCompanion Bill HB0617. Regional Authorities and Special Districts - Enacts "Cumberland River Resort District Act of 2007." - Amends TCA Title 57, Chapter 4, Part 1 and Title 67, Chapter 6, Part 1. Fiscal Summary for SB1384 / *HB0617Decrease State Revenues - $43,300,000 Increase Local Govt. Revenues - $21,650,000 / General Purposes $21,650,000 / Earmarked for tourism Bill Summary for SB1384 / *HB0617 Under present law, 4.2462 percent of sales and use tax revenue is distributed to incorporated municipalities based on the municipalities' population. Present law provides for alternate distribution calculations for municipalities classified as premier type tourist resorts. This bill adds that a county bordering on or crossed by the Cumberland River may elect to be a "Cumberland River resort district" for sales and use [...] show full description
Latest Action: 05/09/2007 - Action Deferred in Government Operations Committee to 2008 Bill TextCompanion Bill SB0667. Taxes - Imposes occupational privilege taxes on performers at adult cabarets, increases sales taxes on certain adult materials and products; reduces sales taxes on certain foods. - Amends TCA Title 67, Chapter 4, Part 17; Title 67, Chapter 6; Section 67-6-102 and Section 67-6-228(a). Fiscal Summary for HB0770 / *SB0667Decrease State Revenues - Net Impact $56,455,000 / General Fund $126,620,000 / Education Fund $11,223,000 / Earmarked to Local Governments $715,000 / Department of Revenue $1,787,000 / Sinking Fund Increase State Expenditures - $11,223,000 Recurring (Hold harmless provision) $238,000 Recurring $162,000 One-Time Decrease Local Govt. Revenues - $236,000 Other Fiscal Impact - Additional decreases to state revenues estimated [...] show full description
Latest Action: 06/08/2007 - Taken Off Notice For Calendar in Subcommittee Budget of Finance, Ways and Means of Finance, Ways & Means Committee Bill TextTaxes - Changes from $5,000 to $2,500 the amount of sales and use tax owed by any taxpayer for which the commissioner of revenue may require that the tax liability be paid no later than the date such payment is required by law to be made in funds that are immediately available to the state on the date of payment. - Amends TCA Section 67-1-703. Fiscal Summary for *HB2247 / SB2190Increase State Expenditures - $155,000
Latest Action: 04/03/2007 - Assigned to Gen. Sub of Senate Tax Sub Comm. Bill TextCompanion Bill HB0770. Taxes - Imposes occupational privilege taxes on performers at adult cabarets, increases sales taxes on certain adult materials and products; reduces sales taxes on certain foods. - Amends TCA Title 67, Chapter 4, Part 17; Title 67, Chapter 6; Section 67-6-102 and Section 67-6-228(a). Fiscal Summary for *SB0667 / HB0770Decrease State Revenues - Net Impact $56,455,000 / General Fund $126,620,000 / Education Fund $11,223,000 / Earmarked to Local Governments $715,000 / Department of Revenue $1,787,000 / Sinking Fund Increase State Expenditures - $11,223,000 Recurring (Hold harmless provision) $238,000 Recurring $162,000 One-Time Decrease Local Govt. Revenues - $236,000 Other Fiscal Impact - Additional decreases to state revenues estimated [...] show full description
Latest Action: 03/13/2007 - Assigned to Gen. Sub of: Senate Tax Sub Committee of F,W&M. Bill TextTaxes - Changes from $5,000 to $2,500 the amount of sales and use tax owed by any taxpayer for which the commissioner of revenue may require that the tax liability be paid no later than the date such payment is required by law to be made in funds that are immediately available to the state on the date of payment. - Amends TCA Section 67-1-703. Fiscal Summary for SB2190 / *HB2247Increase State Expenditures - $155,000
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Latest Legislation - View All
Latest Action: 05/14/2008 - Taken Off Notice For Calendar in Subcommittee Budget of Finance, Ways and Means of Finance, Ways & Means Committee Bill TextCompanion Bill SB4120. Public Funds and Financing - Provides certain funding mechanism to defray the cost of constructing a stadium to be used principally for certain professional baseball games. - Amends TCA Title 67, Chapter 6. Fiscal Summary for *HB4183 / SB4120Other Fiscal Impact - If the newly constructed stadium is for the Nashville Sounds, and at least one hotel and one restaurant is built in conjunction with that new stadium, then a decrease of state revenue estimated to exceed $600,000 per year, with an offsetting increase to local government (Nashville) revenue of the same amount. In addition, an unknown amount of foregone state revenue estimated to exceed $100,000 per year, with an offsetting increase to local government (Nashville) revenue of the same amount. Such foregone state revenue results from expected incremental sales occurring at the newly-constructed [...] show full description
Latest Action: 05/12/2008 - Assigned to Gen. Sub of: Senate Finance, Ways and Means Comm. Bill TextCompanion Bill HB4183. Public Funds and Financing - Provides certain funding mechanism to defray the cost of constructing a stadium to be used principally for certain professional baseball games. - Amends TCA Title 67, Chapter 6. Fiscal Summary for SB4120 / *HB4183Other Fiscal Impact - If the newly constructed stadium is for the Nashville Sounds, and at least one hotel and one restaurant is built in conjunction with that new stadium, then a decrease of state revenue estimated to exceed $600,000 per year, with an offsetting increase to local government (Nashville) revenue of the same amount. In addition, an unknown amount of foregone state revenue estimated to exceed $100,000 per year, with an offsetting increase to local government (Nashville) revenue of the same amount. Such foregone state revenue results from expected incremental sales occurring at the newly-constructed [...] show full description
Latest Action: 05/14/2008 - Placed on Subcommittee Calendar Budget of Finance, Ways and Means for 05/19/2008 Bill TextTaxes, Exemption and Credits - Exempts from sales tax authorized All American Football League® goods and products sold by the league within any county in which professional football games of the league are played; also exempts the sales price of admissions and related fees for professional football games of the league played in this state. - Amends TCA Section 67-6-329 and Section 67-6-330. Fiscal Summary for HB3970 / *SB4049Foregone State Revenue - Exceeds $125,000/FY07-08 Exceeds 500,000/FY08-09 and Succeeding Years Foregone Local Revenue - Exceeds $40,000/FY07-08 Exceeds $160,000/FY08-09 and Succeeding Years
Latest Action: 02/20/2008 - Assigned to Subcommittee Budget of FW&M Bill TextCompanion Bill SB2987. Taxes, Exemption and Credits - Provides that kerosene sold over-the-counter, or sold in any other manner, directly to the consumer for residential use shall be exempt from sales tax. - Fiscal Summary for HB4090 / *SB2987Decrease State Revenue - $601,400 Bill Summary for HB4090 / *SB2987 Under present law, gas, electricity, fuel oil, coal, and other energy fuels sold directly to the consumer for residential use are exempt from the sales tax. The tax exemption does not apply to energy fuels sold over the counter at the location of the seller; however, propane sold over the counter in cylinders with a capacity of 100 pounds or more is exempt from the sales tax. This bill exempts kerosene that is sold directly to the consumer for residential use from the sales tax.
Latest Action: 03/11/2008 - Assigned to Gen. Sub of: Senate Tax Sub Committee of F,W&M. Bill TextTaxes, Exemption and Credits - Exempts from sales tax authorized All American Football League® goods and products sold by the league within any county in which professional football games of the league are played; also exempts the sales price of admissions and related fees for professional football games of the league played in this state. - Amends TCA Section 67-6-329 and Section 67-6-330. Fiscal Summary for *SB4049 / HB3970Foregone State Revenue - Exceeds $125,000/FY07-08 Exceeds 500,000/FY08-09 and Succeeding Years Foregone Local Revenue - Exceeds $40,000/FY07-08 Exceeds $160,000/FY08-09 and Succeeding Years
Latest Action: 02/13/2008 - Assigned to Subcommittee Local Government of S&LG Bill TextCompanion Bill SB4033. Taxes, Sales - Enacts "Cumberland River Resort District Act of 2008." - Amends TCA Title 57, Chapter 4, Part 1 and Title 67, Chapter 6. Fiscal Summary for *HB3909 / SB4033Decrease State Revenue - Net Impact - $197,000 Increase Local Revenue - Net Impact - $593,000 Bill Summary for *HB3909 / SB4033 SALES AND USE TAX DISTRIBUTION Under present law, 4.2462 percent of sales and use tax revenue is distributed to incorporated municipalities based on the municipalities' population. Present law provides for alternate distribution calculations for municipalities classified as premier type tourist resorts. This bill adds that a county in the first quartile of economic distress in the U.S. for fiscal year 2008-2009 that borders or is crossed by the Cumberland River may elect to be a "Cumberland River resort district" [...] show full description
Latest Action: 02/20/2008 - Assigned to Subcommittee Budget of FW&M Bill TextTaxes, Sales - Exempts certain small businesses from the requirement that sales and use tax returns and payments must be filed electronically with the department of revenue; prohibits imposition of certain penalties. - Amends TCA Section 67-1-703 and Section 67-6-504. Fiscal Summary for HB3960 / *SB3969Decrease State Revenue - Less than $50,000/One-Time Increase State Expenditures - $2,000/One-Time
Latest Action: 02/20/2008 - Assigned to Subcommittee Budget of FW&M Bill TextTaxes, Sales - Expands credit allowed for resold telecommunication services to long term care facilities. - Amends TCA Title 67, Chapter 6. Fiscal Summary for *HB4077 / SB4097Decrease State Revenue - $4,570,000 Decrease Local Revenue - $77,000
Latest Action: 05/14/2008 - Placed on Subcommittee Calendar Budget of Finance, Ways and Means for 05/19/2008 Bill TextCompanion Bill SB4106. Taxes, Sales - Exempts from sales and use tax, sales of books by nonprofit public library support organizations, if the proceeds of such sales are dedicated to public library use; entitles such organizations to have monthly sales of books pursuant to this exemption. - Amends TCA Title 67, Chapter 6. Fiscal Summary for HB4138 / *SB4106(CORRECTED) Decrease State Revenue - $52,400 Foregone State Revenue - $58,900 Increase State Expenditures - $5,000 / One-Time Decrease Local Revenue - $16,800 Foregone Local Revenue - $18,900 Bill Summary for HB4138 / *SB4106 This bill exempts book sales by nonprofit public library support organizations from sales and use tax, if the proceeds of such sales are dedicated to public library use. In order to be eligible for the sales tax exemption, a nonprofit public library support [...] show full description
Latest Action: 04/08/2008 - Assigned to Gen. Sub of: Senate S&L Govt. Comm. Bill TextCompanion Bill HB3909. Taxes, Sales - Enacts "Cumberland River Resort District Act of 2008." - Amends TCA Title 57, Chapter 4, Part 1 and Title 67, Chapter 6. Fiscal Summary for SB4033 / *HB3909Decrease State Revenue - Net Impact - $197,000 Increase Local Revenue - Net Impact - $593,000 Bill Summary for SB4033 / *HB3909 SALES AND USE TAX DISTRIBUTION Under present law, 4.2462 percent of sales and use tax revenue is distributed to incorporated municipalities based on the municipalities' population. Present law provides for alternate distribution calculations for municipalities classified as premier type tourist resorts. This bill adds that a county in the first quartile of economic distress in the U.S. for fiscal year 2008-2009 that borders or is crossed by the Cumberland River may elect to be a "Cumberland River resort district" [...] show full description
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