Taxes - As introduced, requires 50 percent of collections of the recordation tax levied on transfers of realty to be remitted to each county; requires counties to use such funds for transportation infrastructure, schools, and other nonrecurring expenses. - Amends TCA Section 67-4-409.

HB 649 requires Tennessee counties to receive 50% of real estate transfer tax collections (recordation tax) instead of the state retaining those funds. Counties must use these funds exclusively for transportation infrastructure (at least 50%), schools, public facilities, debt service, or matching state/federal projects - **not** for salaries or to replace existing road funding. The bill amends Tennessee Code Annotated Section 67-4-409, prohibiting counties from counting these funds toward local revenue calculations for budget planning. This directly affects all 95 Tennessee counties by redirecting a new local revenue stream toward specific public projects.