Senate Bill 144 aims to enhance Tennessee's transportation infrastructure by directing the Department of Transportation to conduct a comprehensive study on transportation needs, costs, and funding sources for the years 2026, 2050, and 2075. The study will consider existing revenue sources dedicated to transportation, potential revenue from transportation-related activities, and the impact of the bill's provisions on infrastructure needs. The Department is required to report its findings and recommendations to the relevant legislative committees by December 1, 2025.

Additionally, the bill amends Tennessee Code Annotated, Section 67-6-103, to ensure that all revenues from the sale and use of new or used motor vehicles and tires, effective July 1, 2025, are allocated to the highway fund. It also stipulates that 1% of the revenue designated for the general fund must be allocated to the Department of Transportation for administrative expenses before distribution. However, revenues derived from specific tax increases allocated for educational purposes will not be affected by this new allocation. The act is set to take effect on July 1, 2025.

Statutes affected:
Introduced: 67-6-103