SB 427

POPULATION RECERTIF ICATION N otwithstanding the right or ability of a county or municipality to take a special census at any time during the interim between the regular decennial federal census, this bill requires the department of economic and community development to revi se and certify the population of each county and municipality, and the aggregate population of the state, prior to July 1 each year during the interim between the regular decennial federal census according to this bill for purposes of ensuring equitable al location and distribution of moneys to the several incorporated municipalities within this state . The Boyd Center for Business and Economic Research at the University of Tennessee, through the Tennessee state data center, must generate annual population e stimates for each county and municipality and provide the estimates to the department of economic and community development for review and certification. Prior to July 1, the department of economic and community development must provide the revised, certi fied populations of each county and municipality to the department of revenue and the department of finance and administration. The allocation and distribution of moneys pursuant to state law regarding distribution of sales and use tax must be made accord ing to the revised populations certified under this bill, except in instances where a jurisdiction's population is revised as a result of a special census or in a year in which populations are revised as a result of the regular decennial federal census. S ALES AND USE TAXES ALLOCATION AND DISTRIBUTION With regard to sales and use taxes, present law requires the commissioner of revenue to deposit promptly to the credit of the state treasurer in state depositories all moneys received by the commissioner und er state law , and that 4.6030% must be appropriated to the several incorporated municipalities within this state to be allocated and distributed to them monthly by the commissioner of finance and administration, in the proportion as the population of each municipality bears to the aggregate population of all municipalities within the state, according to the latest federal census and other censuses authorized by law . This bill adds that such allocations and distributions must also be made in accordance with this bill. With regard to sales and use taxes, present law provides for a separate account in the local government fund to be known as the county revenue partnership fund, and further provides that i n any fiscal year in which revenues are apportioned to such fund, the revenue must be allocated and distributed to all counties and metropolitan governments in this state monthly by the commissioner of finance and administration, in proportion as the population of each county or metropolitan government bears to the aggregate population of the state, according to the latest federal census or other censuses authorized by law . This bill adds that such allocations and distributions must also be made in accordance with this bill.