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Companion Bill SB2760. Industrial Development - Revises requirements concerning corporate powers and allocation of taxes. - Amends TCA Title 7, Chapter 53. Fiscal Summary for HB3973 / *SB2760 Foregone Local Revenue - Exceeds $100,000/Permissive Bill Summary for HB3973 / *SB2760 The present law provisions governing industrial development corporations authorize an industrial development corporation to submit an economic impact plan for a particular area. The area to be included in the plan must be located in the municipality and must include an industrial park or project that is either owned by such corporation or with respect to which the corporation has provided or will provide financial assistance including the loan of funds. The plan must discuss the expected benefits to the municipality from the development of the area, including anticipated [...]

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Latest Actions
  • 05/14/2008 - Placed on Subcommittee Calendar Budget of Finance, Ways and Means for 05/19/2008
  • 05/12/2008 - Assigned to Subcommittee Budget of FW&M
  • 05/07/2008 - Placed Behind the Budget
  • 05/07/2008 - Placed on Calendar Finance, Ways & Means Committee for 05/07/2008
  • 04/30/2008 - Action Deferred in Finance, Ways & Means Committee to next calendar

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Bill Text
File name Last Updated
HB3973 Bill Text PDF02/04/2008

Fiscal Notes
File name Last Updated
SB2760 Fiscal Notes PDF02/19/2008