SB177 — Taxes, Sales - As introduced, reallocates the increase in the rate of sales and use tax from 6 percent to 7 percent pursuant to Chapter 856 of the Public Acts of 2002 by apportioning 4.6030 percent of such increase to municipalities. - Amends TCA Section 67-6-103.

SB177 — Taxes, Sales - As introduced, reallocates the increase in the rate of sales and use tax from 6 percent to 7 percent pursuant to Chapter 856 of the Public Acts of 2002 by apportioning 4.6030 percent of such increase to municipalities. - Amends TCA Section 67-6-103. · Informed CitizenrySB177 amends Tennessee Code Annotated Section 67-6-103 to change how sales and use tax revenues are distributed. Specifically, it mandates that 4.6030% of the revenue generated from the increase in…Open in Informed Citizenry