SB1362 — 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.

SB1362 — 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 CitizenrySB1362 amends Tennessee Code Annotated Title 7, Chapter 53, Part 3, regarding industrial development corporations. The bill modifies the rules for entering into payment in lieu of ad valorem tax ag…Open in Informed Citizenry