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: Partisan Bill (Republican 1-0)

Status: (Passed) 2018-05-23 - Comp. became Pub. Ch. 1064 [SB2622 Detail]

Text: Latest bill text (Chaptered) [PDF]

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Voting Records

Chamber	Vote	Date	Yea	Nay	NV	Abs	Total	Result	Source	View
Senate	SENATE STATE AND LOCAL GOVERNMENT COMMITTEE: Recommended for passage with amendment/s, refer to Senate Calendar Committee Ayes 9, Nays 0 PNV 0	2018-03-28	9	0	0	0	9	Passed	Link	View

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