Tennessee 2023-2024 Regular Session

Tennessee Senate Bill SB1581

Caption

AN ACT to amend Tennessee Code Annotated, Title 9; Title 54; Title 55 and Title 67, relative to the allocation of sales tax revenue for the highway fund.

Impact

The implementation of SB1581 is expected to significantly influence the funding landscape for transportation projects in the state. By reallocating this sales tax revenue directly to the highway fund, the bill aims to address ongoing concerns over the condition of roads and highways, which have been subjects of public and political discourse. This change could provide a more stable and predictable funding source for highway-related expenses, which has been increasingly important as infrastructure needs continue to grow.

Summary

Senate Bill 1581 aims to amend various sections of the Tennessee Code Annotated relating to the allocation of sales tax revenue specifically for the highway fund. The bill stipulates that revenue derived from the sale and use of new and used motor vehicles and tires, effective July 1, 2024, will be directed into the highway fund. This legislative move signals a proactive approach to bolster funding available for transportation infrastructure and highway maintenance throughout Tennessee.

Sentiment

The sentiment surrounding SB1581 appears to be supportive, particularly among transportation advocacy groups and local governments concerned with infrastructure integrity. Proponents argue that the bill is a necessary step toward enhancing road safety and maintaining efficient transportation systems. However, there may be underlying concerns regarding the diversion of funds from other potential uses or needs that the sales tax revenue could support, particularly in sectors like education or health.

Contention

While there is a degree of consensus on the need for improved transportation funding, some stakeholders might raise questions about the priorities set by the bill. Critics may argue that the reallocation of sales tax revenue could inadvertently sidestep other pressing budgetary concerns that require attention. Moreover, the specific definition of revenue sources involved and their impact on the state's overall revenue distribution may lead to further debate, particularly from those who advocate for a balanced approach to budget management.

Companion Bills

TN HB1974

Crossfiled AN ACT to amend Tennessee Code Annotated, Title 9; Title 54; Title 55 and Title 67, relative to the allocation of sales tax revenue for the highway fund.

Previously Filed As

TN HB1974

AN ACT to amend Tennessee Code Annotated, Title 9; Title 54; Title 55 and Title 67, relative to the allocation of sales tax revenue for the highway fund.

TN SB0024

AN ACT to amend Tennessee Code Annotated, Title 9; Title 54; Title 55 and Title 67, relative to the allocation of sales tax revenue for the highway fund.

TN HB0963

AN ACT to amend Tennessee Code Annotated, Title 9; Title 54; Title 55 and Title 67, relative to the allocation of sales tax revenue for the highway fund.

TN SB0144

AN ACT to amend Tennessee Code Annotated, Title 4; Title 54; Title 55; Title 65 and Title 67, relative to transportation.

TN HB0969

AN ACT to amend Tennessee Code Annotated, Title 4; Title 54; Title 55; Title 65 and Title 67, relative to transportation.

TN HB0140

AN ACT to amend Tennessee Code Annotated, Title 4; Title 54; Title 55; Title 65 and Title 67, relative to transportation.

TN SB0875

AN ACT to amend Tennessee Code Annotated, Title 4, Chapter 3; Title 4, Chapter 49; Section 9-16-101; Title 54, Chapter 4; Title 55, Chapter 4; Title 57, Chapter 5, Part 2; Title 57, Chapter 3, Part 3; Title 67, Chapter 3, Part 9; Title 67, Chapter 4, Part 9 and Title 67, relative to allocations to counties and municipalities.

TN SB1429

AN ACT to amend Tennessee Code Annotated, Title 3; Title 4; Title 5; Title 6; Title 7; Title 8; Title 9; Title 10; Title 11; Title 12; Title 13; Title 16; Title 17; Title 18; Title 29; Title 33; Title 36; Title 37; Title 38; Title 39; Title 40; Title 41; Title 43; Title 44; Title 45; Title 47; Title 48; Title 49; Title 50; Title 53; Title 54; Title 55; Title 56; Title 57; Title 58; Title 59; Title 60; Title 61; Title 62; Title 63; Title 64; Title 65; Title 66; Title 67; Title 68; Title 69; Title 70 and Title 71, relative to statutory revisions required for implementation of the annual appropriations act.

TN HB1408

AN ACT to amend Tennessee Code Annotated, Title 3; Title 4; Title 5; Title 6; Title 7; Title 8; Title 9; Title 10; Title 11; Title 12; Title 13; Title 16; Title 17; Title 18; Title 29; Title 33; Title 36; Title 37; Title 38; Title 39; Title 40; Title 41; Title 43; Title 44; Title 45; Title 47; Title 48; Title 49; Title 50; Title 53; Title 54; Title 55; Title 56; Title 57; Title 58; Title 59; Title 60; Title 61; Title 62; Title 63; Title 64; Title 65; Title 66; Title 67; Title 68; Title 69; Title 70 and Title 71, relative to statutory revisions required for implementation of the annual appropriations act.

TN HB0079

AN ACT to amend Tennessee Code Annotated, Title 6 and Title 67, Chapter 6, relative to courthouse square revitalization.

Similar Bills

No similar bills found.