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TN SB2622
Bill
AI Summary
Legislative Description
As enacted, authorizes an industrial development corporation to negotiate a payment in lieu of tax agreement for less than the ad valorem taxes otherwise due for a retail business for a period longer than 10 years, plus a reasonable construction or installation period of not more than three years, in certain circumstances. - Amends TCA Section 7-53-101 and Section 7-53-305.
Industrial Development
Last Action
Comp. became Pub. Ch. 1064
5/23/2018
Committee Referrals
Calendar3/28/2018
State and Local Government2/5/2018
Full Bill Text
No bill text available