Bill Title: As enacted, allocates sales and use tax revenues for a commercial development district to an eligible county or a municipality within the eligible county, or an industrial development corporation established by such eligible county or municipality, that submits a completed application to the commissioner of finance and administration together with an application fee in an amount established by the department; establishes requirements for such allocation. - Amends TCA Title 67, Chapter 6.

Spectrum: Bipartisan Bill

Status: (Passed) 2014-06-03 - Pub. Ch. 985 [SB1708 Detail]

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

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