HB649 — Taxes - As introduced, requires 50 percent of collections of the recordation tax levied on transfers of realty to be remitted to each county; requires counties to use such funds for transportation infrastructure, schools, and other nonrecurring expenses. - Amends TCA Section 67-4-409.

HB649 — Taxes - As introduced, requires 50 percent of collections of the recordation tax levied on transfers of realty to be remitted to each county; requires counties to use such funds for transportation infrastructure, schools, and other nonrecurring expenses. - Amends TCA Section 67-4-409. · Informed CitizenryThis amendment amends TCA Section 67-4-409 and requires that 50 percent of the collections of the recordation tax levied on transfers of realty be remitted to each county. The counties are required…Open in Informed Citizenry