Local Government, General - As enacted, requires each department, agency, or official of a local government that assesses and collects a fee of more than $250 to document the justification and cost basis of the fee; makes such documentation a public record; subjects such documentation to an annual audit by the comptroller of the treasury. - Amends TCA Title 5; Title 6; Title 7; Title 10 and Title 67, Chapter 4, Part 29.

SB 988 requires Tennessee counties, cities, and metropolitan governments to document the cost justification and purpose for any fee they collect exceeding $500. This documentation must be publicly accessible upon request and undergo annual review by the state auditor. The bill applies to all local government departments or officials collecting such fees, ensuring transparency in fee-setting. It takes effect on July 1, 2025, and amends multiple Tennessee Code sections governing local government finances.