Amends TCA Title 7, Chapter 40.
Tennessee SB0815 amends TCA Title 7, Chapter 40 by increasing the timeframe for municipalities to submit a summary of the costs associated with an economic development project from 30 days to 45 days after the end of a fiscal year. This change affects municipalities seeking allocations of sales and use tax revenues. Key provisions include the requirement for supporting documentation to be certified by the municipality's chief financial officer.
Tennessee SB0815 amends TCA Title 7, Chapter 40 by increasing the timeframe for municipalities to submit a summary of the costs associated with an economic development project from 30 days to 45 days after the end of a fiscal year. This change affects municipalities seeking allocations of sales and use tax revenues. Key provisions include the requirement for supporting documentation to be certified by the municipality's chief financial officer.
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Gardenhire, Todd
114th General Assembly
February 4, 2025
April 22, 2026
Re-refer to Senate State & Local Gov''t Committee