Bill Title: As introduced, authorizes the creation of a municipal economic development zone in financially distressed communities; exempts businesses located in such zones from charging and collecting 50 percent of the sales and use tax; dedicates all sales taxes collected in such zones to the creating municipality for certain purposes. - Amends TCA Title 5; Title 6; Title 7 and Title 67.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2009-03-11 - Assigned to Gen. Sub of: S. Tax Sub Committee of F,W&M. [SB1811 Detail]

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

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