Economic And Community Development Legislation - Tennessee

Companion Bill SB0116. Codes - Establishes the minimum energy conservation standards for any new residential building construction on or after January 1, 2008, as the 2003 International Energy Conservation Code (I.E.C.C.); specifies what an energy efficiency and environmental building standard adopted by the state or a local jurisdiction may include; encourages builders to voluntarily utilize the 2006 I.E.C.C. standards for residential or commercial construction. - Amends TCA Title 4, Chapter 3, Part 7. Fiscal Summary for HB0348 / *SB0116Increase Local Govt. Expenditures* - Exceeds $10,000 One-Time Exceeds $65,000 Recurring Bill Summary for HB0348 / *SB0116 ON MAY 9, 2007, THE SENATE ADOPTED AMENDMENT #1 AND PASSED SENATE BILL 116, AS AMENDED. AMENDMENT #1 rewrites this bill and establishes the minimum energy conservation [...]

show full description

Companion Bill HB0348. Codes - Establishes the minimum energy conservation standards for any new residential building construction on or after January 1, 2008, as the 2003 International Energy Conservation Code (I.E.C.C.); specifies what an energy efficiency and environmental building standard adopted by the state or a local jurisdiction may include; encourages builders to voluntarily utilize the 2006 I.E.C.C. standards for residential or commercial construction. - Amends TCA Title 4, Chapter 3, Part 7. Fiscal Summary for *SB0116 / HB0348Increase Local Govt. Expenditures* - Exceeds $10,000 One-Time Exceeds $65,000 Recurring Bill Summary for *SB0116 / HB0348 ON MAY 9, 2007, THE SENATE ADOPTED AMENDMENT #1 AND PASSED SENATE BILL 116, AS AMENDED. AMENDMENT #1 rewrites this bill and establishes the minimum energy conservation [...]

show full description

Companion Bill SB0281. Development Districts - Provides for increased state financial assistance to development districts for certain regional plans and other regional activities and programs. - Amends TCA Section 13-14-111. Fiscal Summary for HB0267 / *SB0281 Increase State Expenditures - Exceeds $270,000 Increase Local Govt. Revenues - Exceeds $270,000 Bill Summary for HB0267 / *SB0281 Under present law, after the creation of any board for a regional development district and when the local governments have indicated a willingness to contribute financially by adopting a budget requiring a certain per capita assessment, the state is authorized to match the local contributions according to the following schedule: (1) If the local assessment is one cent to five cents, the annual state contribution is $30,000 and the contribution cap [...]

show full description

Companion Bill HB0267. Development Districts - Provides for increased state financial assistance to development districts for certain regional plans and other regional activities and programs. - Amends TCA Section 13-14-111. Fiscal Summary for *SB0281 / HB0267 Increase State Expenditures - Exceeds $270,000 Increase Local Govt. Revenues - Exceeds $270,000 Bill Summary for *SB0281 / HB0267 Under present law, after the creation of any board for a regional development district and when the local governments have indicated a willingness to contribute financially by adopting a budget requiring a certain per capita assessment, the state is authorized to match the local contributions according to the following schedule: (1) If the local assessment is one cent to five cents, the annual state contribution is $30,000 and the contribution cap [...]

show full description

Companion Bill SB0532. Economic and Community Development - Expands the Tennessee river resort district act to include Humphreys and Stewart counties. - Amends TCA Section 67-6-103(a)(3)(F). Fiscal Summary for *HB0327 / SB0532Decrease State Revenues - $425,000 Increase State Expenditures - $6,000 One-Time Increase Local Govt. Revenues - $425,000 Bill Summary for *HB0327 / SB0532 Under present law, 4.2462 percent of sales and use tax revenue is distributed to incorporated municipalities based on the municipalities' population. Present law provides for alternate distribution calculations for municipalities classified as premier type tourist resorts. Present law also provides for an alternate distribution for counties in the first quartile of economic distress in the U.S. for fiscal year 2006 which borders or is crossed by the Tennessee River that [...]

show full description

Companion Bill SB1383. Economic and Community Development - Expands definition of "qualified public use facility" for purposes of convention center and tourism financing purposes. - Amends TCA Title 7, Chapter 88. Fiscal Summary for *HB0609 / SB1383Other Fiscal Impact - The fiscal impact for this bill is dependent upon multiple unknown factors. As a result, a statistically-significant fiscal estimate cannot be determined. Also, if any such qualified public-use facility is constructed regardless of the outcome of this legislation, then state tax revenues would decrease by an amount dependent upon the extent of taxable sales that will occur at such facility. If the construction for any such qualified public-use facility is contingent upon the passage of this legislation, then the state would forego state tax revenues equal to an amount dependent upon the extent of taxable [...]

show full description

Companion Bill SB0665. Economic and Community Development - Provides for the creation of a film production advisory committee to study film production in the state. - Amends TCA Title 4, Chapter 3, Part 49; Title 4, Chapter 3, Part 50; Title 4, Chapter 3, Part 7 and Title 67. Fiscal Summary for HB0718 / *SB0665Increase State Expenditures - Not Significant Bill Summary for HB0718 / *SB0665 This bill requires the executive director of the Tennessee film, entertainment, and music commission to establish a film production advisory committee to study film production in this state. The committee would be composed of seven members, including the executive director and: (1) The commissioner of economic and community development; (2) The commissioner of tourism; (3) Two members representing the motion picture industry, appointed by [...]

show full description

Companion Bill SB0683. Economic and Community Development - Authorizes commissioner of revenue to collect infrastructure costs against certain businesses; infrastructure costs shall only be assessed if infrastructure benefits such business and such business fails to comply with agreed-upon investments in the state of Tennessee. - Amends TCA Title 67. Fiscal Summary for HB0791 / *SB0683Increase State Expenditures - $28,000 One-Time Other Fiscal Impact - The fiscal impact of this bill is dependent upon several unknown factors such as (1) the number of entities that would fail to comply with established requirements, (2) the extent of recruitment costs and infrastructure costs expended by the state, and (3) the percent of such costs actually recovered. As a result, the fiscal impact for this bill is not quantifiable. Bill Summary for HB0791 / *SB0683 [...]

show full description

Companion Bill SB1207. Economic and Community Development - Establishes a joint study committee to examine small business development and retention; creates Tennessee Tomorrow, Inc., to create economic and community development opportunities for Tennessee communities. - Amends TCA Title 4 and Title 67. Fiscal Summary for *HB0898 / SB1207Increase State Expenditures - $3,300 Each One Day Meeting Bill Summary for *HB0898 / SB1207 This bill creates a 12-member special joint committee to study the manner in which opportunities for capital funding and infrastructure development and job assistance training programs can be created to develop and retain small business in Tennessee. The committee would be comprised of the chair of senate commerce, labor and agriculture committee, the chair of the house commerce committee, five representatives appointed [...]

show full description

Companion Bill SB3342. Economic and Community Development - Extends the special joint committee on small business development and retention to January 15, 2009. - Fiscal Summary for HB4141 / *SB3342Increase State Expenditures - $2,200 Each One-Day Meeting Bill Summary for HB4141 / *SB3342 ON MAY 20, 2008, THE SENATE RECALLED SENATE BILL 3342 FROM THE HOUSE. ON MAY 20, 2008, THE HOUSE RETURNED SENATE BILL 3342 TO THE SENATE. ON MAY 21, 2008, THE SENATE LIFTED THE TABLING MOTION, RECONSIDERED ITS ACTION IN PASSING SENATE BILL 3342, ADOPTED AMENDMENT #1, AND REPASSED SENATE BILL 3342, AS AMENDED. AMENDMENT #1 requires the special joint committee on small business development and retention to report its findings and recommendations to the general assembly by January 15, 2009, at which time the committee will cease [...]

show full description

Companion Bill HB3726. Economic and Community Development - Revises provisions reporting requirements for certain entities operating under payment in lieu of tax (PILOT) agreements; imposes penalty for failure to file certain economic development plans in timely manner; revises other related provisions. - Amends TCA Section 4-17-303; Section 7-53-305; Section 7-53-312; Section 7-67-114 and Section 48-101-312. Fiscal Summary for SB3945 / *HB3726 Increase State Revenue - Not Significant Increase Local Revenue - Not Significant Bill Summary for SB3945 / *HB3726 Under the present law provisions governing property tax incentives for economic development, all economic development agreements must be in writing and submitted to the chief executive officer of each jurisdiction in which the property is located and to the comptroller of the treasury,[...]

show full description

Companion Bill SB3945. Economic and Community Development - Revises provisions reporting requirements for certain entities operating under payment in lieu of tax (PILOT) agreements; imposes penalty for failure to file certain economic development plans in timely manner; revises other related provisions. - Amends TCA Section 4-17-303; Section 7-53-305; Section 7-53-312; Section 7-67-114 and Section 48-101-312. Fiscal Summary for *HB3726 / SB3945 Increase State Revenue - Not Significant Increase Local Revenue - Not Significant Bill Summary for *HB3726 / SB3945 Under the present law provisions governing property tax incentives for economic development, all economic development agreements must be in writing and submitted to the chief executive officer of each jurisdiction in which the property is located and to the comptroller of the treasury,[...]

show full description

Economic and Community Development - Increases the total amount of FastTrack grants or loans made to an eligible business within any three-year period, without requiring additional approval from the funding board, from $750,000 to $1,000,000. - Amends TCA Title 4, Chapter 3, Part 7. Fiscal Summary for *HB3744 / SB3901State Expenditures - Net Impact - Not Significant Other Fiscal Impact - Any additional grant funding authorized to larger projects is expected to result in either a fewer number of smaller projects receiving grant funding or a similar number of smaller projects receiving grant funding of lesser amounts. Due to the law of diminishing returns, it is expected that a fewer number of jobs would be created statewide, and less economic development would occur, if smaller projects are negatively impacted by increasing the maximum limit. Thus, to maintain an equal level of economic development, and to create the same number of jobs statewide, that would have [...]

show full description

Economic and Community Development - Increases the total amount of FastTrack grants or loans made to an eligible business within any three-year period, without requiring additional approval from the funding board, from $750,000 to $1,000,000. - Amends TCA Title 4, Chapter 3, Part 7. Fiscal Summary for SB3901 / *HB3744State Expenditures - Net Impact - Not Significant Other Fiscal Impact - Any additional grant funding authorized to larger projects is expected to result in either a fewer number of smaller projects receiving grant funding or a similar number of smaller projects receiving grant funding of lesser amounts. Due to the law of diminishing returns, it is expected that a fewer number of jobs would be created statewide, and less economic development would occur, if smaller projects are negatively impacted by increasing the maximum limit. Thus, to maintain an equal level of economic development, and to create the same number of jobs statewide, that would have [...]

show full description

Companion Bill SB3398. Taxes, Exemption and Credits - Modifies the requirements for certain tax credits granted for establishing a qualified facility to support an emerging industry or a major cultural attraction. - Amends TCA Title 67, Chapter 6. Fiscal Summary for HB3754 / *SB3398Decrease State Revenue - Exceeds $100,000 Other Fiscal Impact - If future taxpayers are eligible for such tax credits as a result of this legislation, there would be an unknown amount of forgone state revenue in future years. Bill Summary for HB3754 / *SB3398 Under the present law sales and use tax provisions, a taxpayer that establishes a qualified facility to support an emerging industry or a major cultural attraction in this state is eligible for a credit of all the state sales or use taxes paid to the state, except tax at the rate of 0.5 percent, on the sale or [...]

show full description

Companion Bill SB3273. Economic and Community Development - Extends certain job tax credits to qualified business located within federally designated empowerment zones; includes certain high-tech businesses within the definition of qualified businesses to receive certain job tax credits. - Amends TCA Section 67-4-2109 and Section 67-6-232. Fiscal Summary for HB3688 / *SB3273Decrease State Revenue - Exceeds $250,000 Other Fiscal Impact - If future taxpayers are eligible for such tax credit as a result of this legislation, but would not have been under current law, there would be an unknown amount of foregeone state revenue in future years. In addition, there could be subsequent economic growth and business activity that may aid the state growing its tax base. However, such impact is indirect and not quantifiable for the purpose of this fiscal note. Bill [...]

show full description

Companion Bill SB3792. Economic and Community Development - Requires the commissioner of economic and community development to survey rural areas and attempt to match employers to opportunities in rural areas. - Amends TCA Title 4. Fiscal Summary for HB3351 / *SB3792Increase State Expenditures - $76,000 Bill Summary for HB3351 / *SB3792 This bill requires the commissioner of economic and community development to undertake a survey of the economic resources available in the state and to consult with state and local government officials concerning potential opportunities for economic development in rural counties. This bill requires the commissioner to conduct the study by July 1, 2009, and to update the study every three years. The commissioner would be required to report the results of the study to the general assembly by January 1, 2010,[...]

show full description