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Latest Update: Thursday, July, 24th 2008
Companion Bill SB3052. 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 HB3121 / *SB3052 Foregone Local Revenue - Exceeds $50,000 Bill Summary for HB3121 / *SB3052 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 - Companion became Public Chapter 694
- 03/17/2008 - Companion Senate Bill Substituted
- 03/13/2008 - H. Placed on Regular Calendar for 3/17/08
- 03/11/2008 - Placed on Calendar Calendar & Rules Committee for 03/13/2008
- 03/11/2008 - Recommended For Passage Referred to: Calendar & Rules Committee
show all actions- 04/22/2008 - Companion became Public Chapter 694
- 03/17/2008 - Companion Senate Bill Substituted
- 03/13/2008 - H. Placed on Regular Calendar for 3/17/08
- 03/11/2008 - Placed on Calendar Calendar & Rules Committee for 03/13/2008
- 03/11/2008 - Recommended For Passage Referred to: Calendar & Rules Committee
- 03/05/2008 - Placed on Calendar Finance, Ways & Means Committee for 03/11/2008
- 03/05/2008 - Recommended For Passage by Subcommittee Referred to Finance, Ways & Means Committee
- 02/27/2008 - Placed on Subcommittee Calendar Budget of Finance, Ways and Means for 03/05/2008
- 02/27/2008 - Assigned to Subcommittee Budget of FW&M
- 02/26/2008 - Recommended for Passage if Am. Referred to: Finance, Ways & Means Committee
- 02/20/2008 - Placed on Calendar State & Local Government Committee for 02/26/2008
- 02/20/2008 - Recommended For Passage by Subcommittee Referred to State & Local Government Committee
- 02/13/2008 - Placed on Subcommittee Calendar Local Government of S&LG for 02/20/2008
- 02/13/2008 - Assigned to Subcommittee Local Government of S&LG
- 01/24/2008 - Passed second consideration, Referred to State & Local
- 01/23/2008 - Introduced, Passed first consideration
- 01/17/2008 - Filed for Introduction
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Fiscal Notes
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