AN ACT to amend Tennessee Code Annotated, Title 5; Title 6; Title 7; Title 49; Title 54 and Title 67, relative to the Local Government Revenue Stability Act.

As introduced, enacts the "Local Government Revenue Stability Act," which replaces property taxes with a statewide 4 percent surtax on the sale of goods and services to be collected in the same manner as the sales and use tax and disbursed to local governments. - Amends TCA Title 5; Title 6; Title 7; Title 49; Title 54 and Title 67.