Latest News

TCSA E-News: April 19, 2024

Posted on 4/19/2024

TCSA E-News: April 12, 2024

Posted on 4/12/2024

TCSA E-News: April 5, 2024

Posted on 4/5/2024

TCSA E-News: March 28, 2024

Posted on 3/28/2024

TCSA E-News: March 22, 2024

Posted on 3/22/2024

TCSA Capitol Updates 2024

Capitol Update | April 19, 2024

Posted on 4/19/2024

Capitol Update | April 12, 2024

Posted on 4/12/2024

Capitol Update | April 5, 2024

Posted on 4/5/2024

Capitol Update | March 28, 2024

Posted on 3/28/2024

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Capitol Update: March 22, 2024

After looming all session awaiting a presentation in committee, the bill which could have carried a proposal to cap local property taxes went away quietly in the Senate this week. An amendment was filed in the House for HB1968/SB2248 to enact a 5% cap on property tax increases, but similar language was never filed with the Senate State and Local Government Committee, and the sponsor simply asked to have the bill moved to the General Subcommittee - a procedural move that means the bill is off notice and won’t be presented. The bill was previously rolled to the final calendar of the Property and Planning Subcommittee in the House.

That meeting is next Wednesday, but with the Senate bill not moving, the issue should be done for the year. A number of legislators were sympathetic to requests from county officials for the state not to interfere with local taxing authority. Some of them have suffered attacks from outside interest groups, despite the fact that they never actually voted on the proposal. Please let your Senators and Representatives know that we appreciate their standing with local government and we support them...
Click Here to Read This Week's Full Capitol Update from TCSA

NACo: As Disaster Increases, Counties Must Invest in Mitigation

Disasters are becoming “more frequent, more severe and more costly,” and counties, parishes and boroughs are at the frontlines — where the immediate response is handled and where the personal impact is felt. 

Federal funding can be difficult to navigate. While national organizations are working together to streamline the emergency management process, local and state officials need to prioritize mitigation, which can include building disaster resilience into other programming and creating pre-placed emergency contracts, according to speakers at a Feb. 9 NACo Intergovernmental Roundtable on Disaster Resilience held in partnership with The Pew Charitable Trusts.

Click Here to Read the Full Article from NACo

NACo Shares Legislative Analysis of President Biden's 2025 Budget Request

On March 11, the White House released the President's Budget for Fiscal Year (FY) 2025, outlining the administration's proposals for budgetary spending for the fiscal year beginning October 1, 2024.

The president's budget requests a total of $7.3 trillion in both mandatory and discretionary federal spending in FY 2025, $300 billion more than the president's budget request for FY 2024 and $1.2 billion more than total FY 2023 enacted funding levels.

Click Here to Read the Top Highlights for Counties

Free Webinar Opportunity with Department of Revenue

Join the Department of Revenue on March 26 at 9 am Central time for a free webinar to discuss recent franchise and excise tax law changes.

The 2023 Tennessee Works Tax Act resulted in several important changes to franchise and excise tax. Join us as we discuss those changes and how they affect the fiscal year end (December 31, 2023) tax return.

Please note this webinar will not address any legislation currently being considered by the Tennessee General Assembly.

Click Here to Register for the Webinar

DoFA Releases February 2024 Revenues 

Tennessee Department of Finance and Administration Commissioner Jim Bryson recently announced that February revenues were less than budgeted estimates. Overall, February state revenues were $1.325 billion, which is 0.43 percent less than February 2023 and $59.9 million less than the budgeted estimate.

“State tax revenues for the month of February were only slightly less than reported revenues from this same time last year despite significant environmental challenges,” Bryson said. “Sales tax collections, reflecting January consumer activity, were negatively impacted by a week-long severe winter weather event that curtailed both spending and transportation. Conversely, franchise and excise tax revenues, and privilege tax receipts, both showed signs of increased growth for the first time this year."

Click Here to Read February's Revenue Report

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