Public Funds and Financing - As enacted, generally requires that all monies received under the sales and use tax from the sale, use, consumption, or distribution of new or used tires on or after July 1, 2025, must be earmarked and allocated to the highway fund. - Amends TCA Title 4; Title 54; Title 55; Title 65 and Title 67.

HB 969 requires that all sales and use tax revenue from the sale, use, or distribution of new or used tires (effective July 1, 2025) must be allocated to Tennessee's highway fund, rather than other state funds. This directly affects how state transportation funding is distributed, ensuring tire-related tax revenue supports highway maintenance and infrastructure. The bill amends multiple Tennessee Code sections to implement this change and excludes certain existing tax allocations (like education-specific funds) from this requirement. It does not alter current tax rates but redirects a specific revenue stream to highway funding.