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.

SB 1080 would redirect 50% of Tennessee counties' real estate transfer tax collections (previously retained by the state) to local governments starting July 2025. Counties would receive these funds to fund transportation infrastructure (requiring at least 50% of the allocation), schools, road projects, and other one-time expenses like public facilities or capital debt. The bill prohibits using these funds for salaries/benefits or replacing existing state/local funding for roads. It ensures counties cannot "supplant" current funding streams when using these tax revenues for infrastructure projects.