The taxes collected pursuant to this part shall be remitted by the collector to the county or metropolitan government trustee, who shall place the tax proceeds in the fund or funds designated by the governing body, but the tax proceeds shall be used exclusively for the purpose of funding capital expenditures for education, including the retirement of bonded indebtedness, the need for which is reasonably related to population growth.
Structure 2021 Tennessee Code
Chapter 4 - Privilege and Excise Taxes
Part 29 - County Powers Relief Act
§ 67-4-2904. Residential Development Declared to Be a Locally Taxable Privilege
§ 67-4-2905. Adoption of Administrative Guidelines, Procedures, Regulations and Forms
§ 67-4-2907. Criteria for Levying Tax
§ 67-4-2908. Tax Based on the Floor Area of Residential Development
§ 67-4-2909. Adoption of Capital Improvement Program Required
§ 67-4-2911. Remittance of Taxes Collected
§ 67-4-2912. Administrative Procedure for Review of Tax Decisions — Judicial Review