Tennessee SB 2372: Taxes, Privilege - As introduced, directs the Tennessee advisory commission on intergovernmental relations (TACIR) to perform a study and make recommendations regarding privilege taxes on development by January 31, 2021. - Amends TCA Title 67, Chapter 4.

Bill Text

SB2372
014006
-1-

HOUSE BILL 2453
By Sparks

SENATE BILL 2372
By Reeves

AN ACT to amend Tennessee Code Annotated, Title 67,
Chapter 4, relative to studies.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1.
(a) The Tennessee advisory commission on intergovernmental relations (TACIR)
is directed to perform a study and make recommendations regarding privilege taxes on
development, sometimes called impact fees, development taxes, or adequate facilities
taxes.
(b) The study must provide information on the effects caused by the levy of a
privilege tax on development, a description of the different ways other states use
privilege taxes on development, any recommendations TACIR may have relative to how
such privilege taxes are levied in this state, and any other relevant information.
(c) All appropriate state departments and agencies shall provide assistance to
TACIR in connection with the study required by subsection (a).
(d) On or before January 31, 2021, TACIR shall report its findings and
recommendations, including any proposed legislation, regarding privilege taxes on
development to the members of the finance, ways and means committees of the house
of representatives and senate.
SECTION 2. This act shall take effect upon becoming a law, the public welfare requiring
it.