Bill Title: As enacted, authorizes an industrial development corporation to negotiate a payment in lieu of tax agreement for less than the ad valorem taxes otherwise due for a retail business for a period longer than 10 years, plus a reasonable construction or installation period of not more than three years, in certain circumstances. - Amends TCA Section 7-53-101 and Section 7-53-305.

Spectrum: Bipartisan Bill

Status: (Passed) 2018-05-23 - Pub. Ch. 1064 [HB2664 Detail]

Text: Latest bill text (Chaptered) [PDF]

---

Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Representative Mike Carter [R]	Primary	Sponsored Bills	HD-029	FollowTheMoney	Ballotpedia	VoteSmart
Representative Timothy Wirgau [R]	Cosponsor	Sponsored Bills	HD-075	FollowTheMoney	Ballotpedia	VoteSmart
Representative Charles Sargent [R]	Cosponsor	Sponsored Bills	HD-061	FollowTheMoney	Ballotpedia	VoteSmart
Representative Harold Love [D]	Cosponsor	Sponsored Bills	HD-058	FollowTheMoney	Ballotpedia	VoteSmart
Representative Antonio Parkinson [D]	Cosponsor	Sponsored Bills	HD-098	FollowTheMoney	Ballotpedia	VoteSmart
Representative Barbara Cooper [D]	Cosponsor	Sponsored Bills	HD-086	FollowTheMoney	Ballotpedia	VoteSmart

Social Comments on TN HB2664