Bill Title: As introduced, revises requirements for apportionment of state sales taxes to eligible municipalities that plan economic development projects; authorizes municipalities to include subsequently annexed property as a part of a project under certain circumstances. - Amends TCA Title 6, Chapter 51, Part 1; Title 7, Chapter 40, Part 1 and Section 67-6-103.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2012-04-23 - Failed In S. FW&M Comm. Ayes 4, Nays 2 PNV 5 [SB2571 Detail]

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

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