SB2670 — Taxes - As introduced, requires that 5 percent of state funds in the municipal street aid fund be distributed equally to each municipality instead of all such funds being distributed based on population; reduces state sales tax revenue allocated to general fund; increases state-shared sales tax revenue allocated to municipalities. - Amends TCA Section 54-4-203 and Section 67-6-103.

SB2670 — Taxes - As introduced, requires that 5 percent of state funds in the municipal street aid fund be distributed equally to each municipality instead of all such funds being distributed based on population; reduces state sales tax revenue allocated to general fund; increases state-shared sales tax revenue allocated to municipalities. - Amends TCA Section 54-4-203 and Section 67-6-103. · Informed CitizenrySB2670 amends Tennessee Code Annotated Sections 54-4-203 and 67-6-103 regarding the distribution of state revenues. The bill changes the distribution of the municipal street aid fund so that 5% of…Open in Informed Citizenry