Public Funds and Financing - As introduced, enacts the "Greenbelt Initiative Fund Transfer (GIFT) Act," which creates the rural revenue equity fund; authorizes the commissioner of economic and community development to distribute amounts from the fund to rural counties based on certain agricultural, demographic, and fiscal criteria, including greenbelt acreage. - Amends TCA Title 4; Title 5; Title 6; Title 7; Title 9 and Title 67.

HB 2375 creates the "Greenbelt Initiative Fund Transfer (GIFT) Act," establishing a $210 million annual rural revenue equity fund within Tennessee's state general fund. It directs the commissioner of economic and community development to distribute funds to rural counties based on a scoring system weighing greenbelt land acreage (25% weight), agricultural sales (20%), greenbelt land percentage (15%), lack of development tax authority (15%), livestock farm output (10%), population (8%), and property tax history (7%). Rural counties can use funds for capital projects, infrastructure, law enforcement, emergency services, or property tax stabilization. The bill aims to address rural economic disparities by prioritizing counties with higher agricultural land classifications and lower tax burdens.