House Bill 812 amends Tennessee Code Annotated to allocate a portion of the privilege tax collected under Section 4-49-104. Specifically, it deletes the previous provision regarding the distribution of funds and substitutes it with a new allocation structure. Under the revised law, four percent (4%) of the collected privilege tax will be directed to the state treasurer for the Department of Mental Health and Substance Abuse Services, while one percent (1%) will be allocated to the Department of Veterans Services to support veterans services in the state.

The bill is set to take effect on July 1, 2025, emphasizing the importance of funding for mental health and veterans services in Tennessee. This legislative change aims to enhance the support provided to these critical areas, reflecting a commitment to the welfare of veterans and individuals facing mental health challenges.

Statutes affected:
Introduced: 4-49-104(e), 4-49-104