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TN SB2622

Bill

Status

Passed

5/23/2018

Primary Sponsor

Mark Norris

Click for details

Origin

Senate

110th General Assembly

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