Tennessee SB 2622: Industrial Development - 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.

Status: Effective date(s) 10/01/2018 (as of 2018-05-23)

State: Tennessee · Session: 110 · Bill: SB 2622

Subjects: Industrial Development

Sponsors: Carter, Norris

View Tennessee SB 2622 on LegisTrack → — full text, sponsors, votes, campaign finance, and cross-state matches.