Tennessee Senate Bill 945 (Prior Session Legislation)

---

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 10 2021 - 25% progression, died in chamber
Action: 2021-03-30 - Assigned to General Subcommittee of Senate FW&M Revenue Subcommittee
Text: Latest bill text (Draft #1) [PDF]

As introduced, requires the department of economic and community development to make quarterly reports instead of annual reports regarding TNInvestcos; requires the report to be submitted to all members of the general assembly rather than only the chairs of the finance committees; requires the comptroller of the treasury to develop a numerical grading system for all tax increment financing (TIF) plans; requires the comptroller to evaluate TIF plans based on the benefits the municipality is receiving from the plan and the cost of the active plan to the taxpayers in the jurisdiction. - Amends TCA Title 4, Chapter 28 and Title 9, Chapter 23.

AN ACT to amend Tennessee Code Annotated, Title 4, Chapter 28 and Title 9, Chapter 23, relative to financing.

Sen. Sara Kyle [D]

Date	Chamber	Action
2021-03-30	Senate	Assigned to General Subcommittee of Senate FW&M Revenue Subcommittee
2021-03-24	Senate	Placed on Senate FW&M Revenue Subcommittee calendar for 3/30/2021
2021-03-23	Senate	Action deferred in Senate FW&M Revenue Subcommittee to 3/30/2021
2021-03-16	Senate	Placed on Senate FW&M Revenue Subcommittee calendar for 3/23/2021
2021-02-23	Senate	Refer to Senate Finance, Ways & Means Revenue Subcommittee
2021-02-22	Senate	Passed on Second Consideration, refer to Senate Finance, Ways, and Means Committee
2021-02-11	Senate	Introduced, Passed on First Consideration
2021-02-10	Senate	Filed for introduction

HB1317 (Crossfiled) 2022-04-26 - Taken off notice for cal in s/c Finance, Ways, and Means Subcommittee of Finance, Ways, and Means Committee

Type	Source
Summary	https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SB0945&ga=112
Text	https://www.capitol.tn.gov/Bills/112/Bill/SB0945.pdf
Supplement	https://www.capitol.tn.gov/Bills/112/Fiscal/SB0945.pdf