SB2284 — Industrial Development - As introduced, prohibits industrial development boards in Loudon County from negotiating payments in lieu of tax agreements for less than the county property taxes otherwise due. - Amends TCA Section 7-53-305.

SB2284 — Industrial Development - As introduced, prohibits industrial development boards in Loudon County from negotiating payments in lieu of tax agreements for less than the county property taxes otherwise due. - Amends TCA Section 7-53-305. · Informed CitizenryThis bill amends Tennessee Code Annotated Section 7-53-305 regarding payments in lieu of taxes. It adds a provision that applies to counties with a population between 48,500 and 48,600 and at least…Open in Informed Citizenry