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Sevier County urges state to return half of real-estate transfer tax revenue; board backs SB 1080/HB 0649
Summary
At its Dec. 15 meeting the Sevier County Board passed a resolution asking the Tennessee General Assembly to fund SB 1080 and HB 0649, legislation that would return 50% of real-estate transfer tax revenue to the county where deeds are recorded; lobbyist David Seal told the board Sevier County generates about $8.5 million annually from the tax.
The Sevier County Board of Commissioners voted Dec. 15 to ask the Tennessee General Assembly to support SB 1080 and HB 0649, bills that would return 50% of real-estate transfer tax receipts to the counties where deeds are recorded.
David Seal, a lobbyist for Jefferson County, spoke during the public-comment period and said, "Sevier County…
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