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Hamilton County asks state to return half of real-estate transfer tax for local infrastructure
Summary
The Hamilton County Commission passed Resolution 2 25-48 asking the Tennessee General Assembly to allocate 50% of the real-estate transfer tax back to the county for infrastructure projects, a measure supporters say would create recurring local revenue.
The Hamilton County Commission on Wednesday adopted Resolution 2 25-48 asking the Tennessee General Assembly to allocate 50% of the state'collected real-estate transfer tax back to the county to fund recurring infrastructure projects.
Commissioner Sharp said the change would send recurring revenue to counties. "This is about $150,000,000 averaged over the last four years annually that would…
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