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Latest Update: Friday, July, 25th 2008
Companion Bill HB3121. Industrial Development - Exempts from ad valorem taxes certain headquarters facilities in Shelby County that agree to make payments to a municipality in lieu of special assessments. - Amends TCA Title 7, Chapter 53 and Title 7, Chapter 84. Fiscal Summary for *SB3052 / HB3121 Foregone Local Revenue - Exceeds $50,000 Bill Summary for *SB3052 / HB3121 Under present law, a municipality may delegate to an industrial development corporation the authority to negotiate and accept from the corporation's lessees, payments in lieu of ad valorem taxes. With regard to any project located within an area designated as the center-city area by a municipality in which there has been created a central business improvement district, the amount of such payments may not be fixed below the lesser of: (1) Ad valorem taxes otherwise [...] show full description
- 04/22/2008 - Public Chapter 694
- 04/22/2008 - Effective date(s) 04/07/08
- 04/07/2008 - Signed by Governor.
- 03/27/2008 - Transmitted to Governor for action.
- 03/26/2008 - Signed by House Speaker
show all actions- 04/22/2008 - Public Chapter 694
- 04/22/2008 - Effective date(s) 04/07/08
- 04/07/2008 - Signed by Governor.
- 03/27/2008 - Transmitted to Governor for action.
- 03/26/2008 - Signed by House Speaker
- 03/24/2008 - Signed by Senate Speaker
- 03/24/2008 - Enrolled and ready for signatures
- 03/20/2008 - Senate concurred in House am. #1
- 03/18/2008 - Placed on Senate Message Calendar (1) Calendar for 03/20/2008
- 03/17/2008 - Passed House, as am., Ayes 93, Nays 0
- 03/17/2008 - H. adopted am. no. 1
- 03/17/2008 - Substituted for Companion House Bill
- 02/11/2008 - Received from Senate, held on House desk.
- 02/07/2008 - Engrossed; ready for transmission to House
- 02/07/2008 - Passed Senate, Ayes 28, Nays 0
- 02/05/2008 - Placed on Senate Consent Calendar (2) Calendar for 02/07/2008
- 02/05/2008 - Recommended For Passage Referred to: Senate Calendar Comm.
- 02/05/2008 - Placed on Senate S&L Govt. Comm. Calendar for 02/05/2008
- 02/04/2008 - Rules Suspension #83(8) to be heard in Senate S&L Governor Comm. 2/5/08
- 01/23/2008 - Passed second consideration, Referred to Senate S&L Govt. Comm.
- 01/17/2008 - Introduced, Passed first consideration
- 01/16/2008 - Filed for Introduction
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Fiscal Notes
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