SB1642 — Highways, Roads and Bridges - As introduced, requires 95.3970 percent, instead of 100 percent, of sales and use tax revenue generated from the sale of new or used tires to be deposited in the highway fund; adds 95.3970 percent of sales and use tax revenue generated from the sale of new or used motor vehicles to be deposited in the highway fund; requires the remaining 4.6030 percent of such revenue to be allocated to the several incorporated municipalities; allocates single article sales tax collections on the retail sale of new or used motor vehicles to the highway fund. - Amends TCA Title 4; Title 54; Title 55; Title 65 and Title 67.

SB1642 — Highways, Roads and Bridges - As introduced, requires 95.3970 percent, instead of 100 percent, of sales and use tax revenue generated from the sale of new or used tires to be deposited in the highway fund; adds 95.3970 percent of sales and use tax revenue generated from the sale of new or used motor vehicles to be deposited in the highway fund; requires the remaining 4.6030 percent of such revenue to be allocated to the several incorporated municipalities; allocates single article sales tax collections on the retail sale of new or used motor vehicles to the highway fund. - Amends TCA Title 4; Title 54; Title 55; Title 65 and Title 67. · Informed CitizenrySB1642 amends Tennessee law to change how sales and use tax revenue from the sale of new and used motor vehicles and tires is distributed. Starting October 1, 2026, 95.3970% of this revenue will be…Open in Informed Citizenry