Bill Title: As introduced, requires certain counties that levy a payroll tax to reduce the county real property tax rate in an amount sufficient to offset all revenue derived by the county from such payroll tax; and requires certain municipalities that levy a payroll tax to reduce the municipal real property tax rate in an amount sufficient to offset all revenue derived by the city from such payroll tax. - Amends TCA Title 5; Title 6; Title 7 and Title 67.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2009-02-09 - Caption bill, held on desk - pending amdt. [HB0042 Detail]

Text: Latest bill text (Draft #1) [PDF]

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