HB0503Enacted

Amends TCA Title 64, Chapter 10, Part 1.

As enacted, allows the East Tennessee regional agribusiness marketing authority to develop, market, and promote facilities for warehousing, distribution, light manufacturing, and agribusiness purposes, and enter lease purchase agreements by a two-thirds (2/3) majority vote by the board, and removes tax exempt status for any ETRAMA property sold under a lease purchase agreement.

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Overview

As enacted, allows the East Tennessee regional agribusiness marketing authority to develop, market, and promote facilities for warehousing, distribution, light manufacturing, and agribusiness purposes, and enter lease purchase agreements by a two-thirds (2/3) majority vote by the board, and removes tax exempt status for any ETRAMA property sold under a lease purchase agreement.

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Sponsor

Eldridge, Rick

Details
Session

111th General Assembly

Introduced

February 1, 2019

Last Action

May 1, 2019

Comp. became Pub. Ch. 180

Subjects
Regional Authorities and Special DistrictsReal Property

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HB0503: Amends TCA Title 64, Chapter 10, Part 1. | LegisGo