TN SB1031 | 2021-2022 | 112th General Assembly

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 10 2021 - 25% progression, died in chamber
Action: 2021-02-22 - Passed on Second Consideration, refer to Senate State and Local Government Committee
Text: Latest bill text (Draft #1) [PDF]

Summary

As introduced, urges TACIR to perform a study and make recommendations regarding the potential economic benefits to counties and municipalities if payments in lieu of ad valorem taxes were accepted from private individuals for relocating and entering into high-need fields, such as teaching and law enforcement, and for residing in residential property owned by the municipal or county government for which the private individual is employed; requires, that if such study is performed, TACIR report its findings and recommendations to the members of the finance, ways and means committees of the house of representatives and senate. - Amends TCA Title 4; Title 5; Title 6; Title 7, Chapter 53; Title 9, Chapter 23; Title 13, Chapter 20 and Title 67, Chapter 5.

Tracking Information

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Title

AN ACT to amend Tennessee Code Annotated, Title 4; Title 5; Title 6; Title 7, Chapter 53; Title 9, Chapter 23; Title 13, Chapter 20 and Title 67, Chapter 5, relative to property tax incentives to encourage economic and community development.

Sponsors


History

DateChamberAction
2021-02-22SenatePassed on Second Consideration, refer to Senate State and Local Government Committee
2021-02-11SenateIntroduced, Passed on First Consideration
2021-02-10SenateFiled for introduction

Same As/Similar To

HB1608 (Crossfiled) 2022-03-15 - Failed in s/c Cities & Counties Subcommittee of Local Government Committee

Subjects


Tennessee State Sources


Bill Comments

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