SB497 — Taxes, Income - As introduced, increases the share of Hall tax revenue distributed to local governments from three-eighths to five-eighths; decreases the percentage of Hall tax revenue distributed to the general fund from five-eighths to three-eighths. - Amends TCA Title 67, Chapter 2.

SB497 — Taxes, Income - As introduced, increases the share of Hall tax revenue distributed to local governments from three-eighths to five-eighths; decreases the percentage of Hall tax revenue distributed to the general fund from five-eighths to three-eighths. - Amends TCA Title 67, Chapter 2. · Informed CitizenrySB497 amends Tennessee Code Annotated Title 67, Chapter 2 to change the distribution of taxes collected on income from stocks and bonds. The bill increases the share of these taxes distributed to l…Open in Informed Citizenry