| 1 | 1 | | |
|---|
| 2 | 2 | | SENATE BILL 36 |
|---|
| 3 | 3 | | By Campbell |
|---|
| 4 | 4 | | |
|---|
| 5 | 5 | | HOUSE BILL 156 |
|---|
| 6 | 6 | | By Clemmons |
|---|
| 7 | 7 | | |
|---|
| 8 | 8 | | |
|---|
| 9 | 9 | | HB0156 |
|---|
| 10 | 10 | | 000953 |
|---|
| 11 | 11 | | - 1 - |
|---|
| 12 | 12 | | |
|---|
| 13 | 13 | | AN ACT to amend Tennessee Code Annotated, Title 67, |
|---|
| 14 | 14 | | Chapter 4, relative to exemption from taxes for |
|---|
| 15 | 15 | | child care agencies. |
|---|
| 16 | 16 | | |
|---|
| 17 | 17 | | BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE: |
|---|
| 18 | 18 | | SECTION 1. Tennessee Code Annotated, Section 67-4-708(3)(C), is amended by |
|---|
| 19 | 19 | | adding the following new subdivision: |
|---|
| 20 | 20 | | (xvii) Child care agencies as defined in § 71-3-501. |
|---|
| 21 | 21 | | SECTION 2. Tennessee Code Annotated, Section 67-4-708(3)(C), is amended by |
|---|
| 22 | 22 | | deleting the language "subdivisions (3)(C)(i)-(xvi)" wherever it may appear and substituting |
|---|
| 23 | 23 | | instead "subdivisions (3)(C)(i)-(xvii)". |
|---|
| 24 | 24 | | SECTION 3. Tennessee Code Annotated, Section 67-4-724, is amended by adding the |
|---|
| 25 | 25 | | following new subsection: |
|---|
| 26 | 26 | | (e) Notwithstanding subsections (a) and (b), during the 2024-2025 fiscal year |
|---|
| 27 | 27 | | and subsequent fiscal years, the state must annually allocate and distribute to counties |
|---|
| 28 | 28 | | and municipalities an amount equal to the amount distributed to the counties and |
|---|
| 29 | 29 | | municipalities in the 2023-2024 fiscal year that was derived from taxes collected under |
|---|
| 30 | 30 | | this part for services performed by child care agencies as defined in § 71-3-501. |
|---|
| 31 | 31 | | Notwithstanding § 67-6-103 to the contrary, the distribution required by this subsection |
|---|
| 32 | 32 | | (e) must be made from state sales tax collections prior to distribution under § 67-6-103; |
|---|
| 33 | 33 | | provided, however, that no portion of the revenue derived from the increase in the rate of |
|---|
| 34 | 34 | | sales and use tax from six percent (6%) to seven percent (7%) contained in chapter 856, |
|---|
| 35 | 35 | | § 4 of the Public Acts of 2002 shall be distributed pursuant to this subsection (e). All |
|---|
| 36 | 36 | | |
|---|
| 37 | 37 | | |
|---|
| 38 | 38 | | - 2 - 000953 |
|---|
| 39 | 39 | | |
|---|
| 40 | 40 | | such revenue shall continue to be allocated as provided in chapter 856 of the Public Acts |
|---|
| 41 | 41 | | of 2002. |
|---|
| 42 | 42 | | SECTION 4. This act takes effect upon becoming a law, the public welfare requiring it, |
|---|
| 43 | 43 | | and applies to tax years ending on or after December 31, 2025. |
|---|