TN SB1877 | 2013-2014 | 108th General Assembly

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 21 2014 - 25% progression, died in committee
Action: 2014-01-23 - P2C, ref. to S. S&L Govt. Comm.
Pending: Senate State and Local Government Committee
Text: Latest bill text (Draft #1) [PDF]

Summary

As introduced, prohibits counties from implementing or increasing sales and property taxes to offset revenue shortfalls or to meet expenditure requirements in excess of budgeted appropriation levels prior to using existing county surplus revenue for such purposes; repeals authority of counties to invest idle county funds; repeals local government investment pool. - Amends TCA Title 4, Chapter 51, Part 1; Title 5; Title 6, Chapter 56; Title 7; Title 7, Chapter 39, Part 3; Title 9; Title 12, Chapter 4, Part 2; Title 37, Chapter 5, Part 3; Title 49, Chapter 7, Part 7; Title 58, Chapter 7, Part 1; Title 66, Chapter 34, Part 1; Title 67, Chapter 6, Part 7 and Title 67, Chapter 5, Part 1.

Tracking Information

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Title

As introduced, prohibits counties from implementing or increasing sales and property taxes to offset revenue shortfalls or to meet expenditure requirements in excess of budgeted appropriation levels prior to using existing county surplus revenue for such purposes; repeals authority of counties to invest idle county funds; repeals local government investment pool. - Amends TCA Title 4, Chapter 51, Part 1; Title 5; Title 6, Chapter 56; Title 7; Title 7, Chapter 39, Part 3; Title 9; Title 12, Chapter 4, Part 2; Title 37, Chapter 5, Part 3; Title 49, Chapter 7, Part 7; Title 58, Chapter 7, Part 1; Title 66, Chapter 34, Part 1; Title 67, Chapter 6, Part 7 and Title 67, Chapter 5, Part 1.

Sponsors


History

DateChamberAction
2014-01-23SenateP2C, ref. to S. S&L Govt. Comm.
2014-01-22SenateIntro., P1C.
2014-01-21SenateFiled for intro.

Subjects


Tennessee State Sources


Bill Comments

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