SB1970 — Utilities, Utility Districts - As introduced, removes the ability for municipalities to choose a process for distributing payments of tax equivalent amounts to taxing jurisdictions different than what is provided in law; authorizes a county legislative body to pass a resolution requiring municipal electric systems to direct payment of tax equivalent amounts to the taxing jurisdictions as provided by law. - Amends TCA Title 7, Chapter 52.

SB1970 — Utilities, Utility Districts - As introduced, removes the ability for municipalities to choose a process for distributing payments of tax equivalent amounts to taxing jurisdictions different than what is provided in law; authorizes a county legislative body to pass a resolution requiring municipal electric systems to direct payment of tax equivalent amounts to the taxing jurisdictions as provided by law. - Amends TCA Title 7, Chapter 52. · Informed CitizenrySB1970 amends Tennessee Code Annotated Title 7, Chapter 52, regarding how municipal electric systems distribute tax equivalent amounts to taxing jurisdictions. The bill removes the ability for muni…Open in Informed Citizenry