HB1223 — Industrial Development - As enacted, directs the Tennessee advisory commission on intergovernmental relations (TACIR) to perform a study of the payment in lieu of ad valorem tax agreements and leases entered into by industrial development corporations organized by municipalities. - Amends TCA Title 7, Chapter 53, Part 3.

HB1223 — Industrial Development - As enacted, directs the Tennessee advisory commission on intergovernmental relations (TACIR) to perform a study of the payment in lieu of ad valorem tax agreements and leases entered into by industrial development corporations organized by municipalities. - Amends TCA Title 7, Chapter 53, Part 3. · Informed CitizenryHB1223 amends Tennessee Code Annotated Title 7, Chapter 53, Part 3, regarding industrial development corporations. The bill amends the law to allow a municipality-organized industrial development c…Open in Informed Citizenry