4 | 3 | | |
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5 | 4 | | SENATE BILL 144 |
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6 | 5 | | By Walley |
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7 | 6 | | |
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8 | 7 | | |
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9 | 8 | | SB0144 |
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10 | 9 | | 001186 |
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11 | 10 | | - 1 - |
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12 | 11 | | |
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13 | 12 | | AN ACT to amend Tennessee Code Annotated, Title 4; |
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14 | 13 | | Title 54; Title 55; Title 65 and Title 67, relative to |
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15 | 14 | | transportation. |
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16 | 15 | | |
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17 | 16 | | WHEREAS, transportation is essential to "agriculture and commerce" as proclaimed on |
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18 | 17 | | the great seal of the State of Tennessee; and |
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19 | 18 | | WHEREAS, Tennesseans have enjoyed a robust, efficient, safe, and reliable |
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20 | 19 | | transportation system for generations; and |
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21 | 20 | | WHEREAS, Tennessee's transportation system must be maintained and is paramount to |
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22 | 21 | | Tennessee's future in this century and beyond; now, therefore, |
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23 | 22 | | BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE: |
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24 | 23 | | SECTION 1. Tennessee Code Annotated, Title 54, Chapter 1, Part 1, is amended by |
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25 | 24 | | adding the following language as a new section: |
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26 | 25 | | 54-1-105. |
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27 | 26 | | (a) The department of transportation is directed to study transportation |
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28 | 27 | | infrastructure needs, costs, and funding sources for the years 2026, 2050, and 2075. |
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29 | 28 | | (b) In conducting the study, the department must consider: |
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30 | 29 | | (1) Existing sources of revenue dedicated to transportation infrastructure, |
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31 | 30 | | including the highway fund; |
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32 | 31 | | (2) Potential sources of existing revenue not dedicated to transportation |
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33 | 32 | | but derived substantially from transportation activities; and |
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34 | 33 | | (3) The impact of Section 2 of this act on transportation infrastructure |
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35 | 34 | | needs. |
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36 | 35 | | |
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37 | 36 | | |
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38 | 37 | | - 2 - 001186 |
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39 | 38 | | |
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40 | 39 | | (c) The department shall report findings and recommendations to the chairs of |
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41 | 40 | | the transportation and safety committee of the senate and the committee in the house of |
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42 | 41 | | representatives having jurisdiction over transportation by December 1, 2025. |
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43 | 42 | | SECTION 2. Tennessee Code Annotated, Section 67-6-103, is amended by adding the |
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44 | 43 | | following language as a new subsection (v): |
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45 | 44 | | (1) As used in this subsection (v), "motor vehicle" and "tire" have the same |
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46 | 45 | | meanings as defined in § 67-4-1602. |
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47 | 46 | | (2) Notwithstanding the allocations provided for in subsection (a), all revenues |
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48 | 47 | | received under this chapter from the sale, use, consumption, distribution, or storage for |
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49 | 48 | | use or consumption of new or used motor vehicles and new or used tires on or after July |
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50 | 49 | | 1, 2025, must be allocated to and deposited in the highway fund. |
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51 | 50 | | (3) Notwithstanding another law to the contrary, from the amount designated for |
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52 | 51 | | distribution to the general fund in subdivision (a)(1), one percent (1%) must be |
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53 | 52 | | subtracted for distribution to the department of transportation for expenses of |
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54 | 53 | | administration prior to the distribution to the general fund under subdivision (a)(1). |
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55 | 54 | | (4) Notwithstanding this subsection (v) to the contrary, no portion of the revenue |
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56 | 55 | | derived from the increase in the rate of sales and use tax allocated to educational |
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57 | 56 | | purposes, pursuant to chapter 529, § 9 of the Public Acts of 1992, and no portion of the |
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58 | 57 | | revenue derived from the increase in the rate of sales and use tax from six percent (6%) |
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59 | 58 | | to seven percent (7%), pursuant to chapter 856, § 4 of the Public Acts of 2002, must be |
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60 | 59 | | apportioned and distributed pursuant to this subsection (v). The revenue must be |
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61 | 60 | | allocated as provided in chapter 529, § 9 of the Public Acts of 1992, and chapter 856, § |
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62 | 61 | | 4 of the Public Acts of 2002, respectively. |
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63 | 62 | | SECTION 3. This act takes effect July 1, 2025, the public welfare requiring it. |
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