State v. Mayor of Dyersburg

Section 15, Subsection 5, Item (1) of the Tennessee Sales Tax Act, Chapter 3, Public Acts of 1947, provides that when the receipts from that tax exceed $20,000,000 in any fiscal year, then 80% of such excess (this excess being called “overage funds”) “shall he paid to the several Counties of the State” pro rated by a specified formula, and that the funds so paid to the respective counties “shall he earmarked and used only for educational purposes, aid to dependent children, aid to the blind and as old age assistance”.

A certain percentage of the portion of this tax going to each of the four…