TN SB1760

Authorizes tax increment financing (TIF) agencies to enter into taxpayer agreements with property owners in plan areas to guarantee or secure bonds and lease obligations for development projects.

Creates a new "taxpayer agreement lien" that functions as a first-priority lien against property, taking precedence over existing or subsequent mortgages and other encumbrances, enforceable like property taxes.

Requires property owners to make "taxpayer direct payments" when tax increment revenues fall short of debt service payments on TIF bonds.

Prohibits TIF agencies from conditioning plan approval on execution of a taxpayer agreement, and voids mortgage provisions that would accelerate payments solely because a property owner enters such an agreement.

Mandates recording of taxpayer agreements with the county register of deeds, including property descriptions, owner names, lien terms, and the executed agreement.