Bill Title: As enacted, specifies that an industrial development corporation organized solely by a municipality that does not impose a real property tax may only enter into a payment in lieu of ad valorem tax agreement or lease if certain conditions met. - Amends TCA Title 7, Chapter 53, Part 3.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Passed) 2013-05-07 - Pub. Ch. 302 [SB0661 Detail]

Text: Latest bill text (Draft #1) [PDF]

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