HB0649: AN ACT to amend Tennessee Code Annotated, Section 67-4-409, relative to the recordation tax.

Legislative Summary

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.