Amends TCA Title 33; Title 67, Chapter 5 and Title 71, Chapter 5.

This bill requires certain property owners to make payments in lieu of taxes, as discussed below.<br /> <br /> Under this bill, if property being used as an intermediate care facility for individuals with intellectual disabilities (ICF/IID) is exempt from property taxes, the owners of the property must agree to make payments in lieu of taxes to the tax jurisdictions in which they are located in an amount negotiated to cover the cost of improvements, facilities, or services rendered by the tax jurisdictions. If no amount is agreed, the payments will be no less than 25 percent of the amount of tax that would be due if the project were not exempt.<br /> <br /> This bill applies in counties where the population of the county, divided by the number of intermediate care facilities located in the county, is less than 8,000.<br /> <br />