TN SB0220 | 2025-2026 | 114th General Assembly
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 16 2025 - 25% progression
Action: 2025-01-16 - Filed for introduction
Text: Latest bill text (Draft #1) [PDF]
Status: Introduced on January 16 2025 - 25% progression
Action: 2025-01-16 - Filed for introduction
Text: Latest bill text (Draft #1) [PDF]
Summary
As introduced, creates the commercial development board; with respect to new commercial property developed by private entities in certain taxing jurisdictions, authorizes the private entities to enter into agreements for payments in lieu of ad valorem taxes and leases with the commercial development board. - Amends TCA Title 4; Title 5; Title 6; Title 7; Title 9; Title 13; Title 48 and Title 67.
Title
AN ACT to amend Tennessee Code Annotated, Title 4; Title 5; Title 6; Title 7; Title 9; Title 13; Title 48 and Title 67, relative to property tax incentives to encourage economic and community development.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2025-01-16 | Senate | Filed for introduction |
Subjects
Tennessee State Sources
| Type | Source |
|---|---|
| Summary | https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SB0220&ga=114 |
| Text | https://www.capitol.tn.gov/Bills/114/Bill/SB0220.pdf |
