SB1162 — Taxes, Privilege - As introduced, reduces from 20 percent to 15 percent the threshold decennial county growth rate required before a county is authorized to levy a privilege tax on persons and entities engaged in residential development of property to provide the county with an additional source of funding to defray the cost of providing school facilities. - Amends TCA Title 67, Chapter 4, Part 29.

SB1162 — Taxes, Privilege - As introduced, reduces from 20 percent to 15 percent the threshold decennial county growth rate required before a county is authorized to levy a privilege tax on persons and entities engaged in residential development of property to provide the county with an additional source of funding to defray the cost of providing school facilities. - Amends TCA Title 67, Chapter 4, Part 29. · Informed CitizenrySB1162 amends Tennessee Code Annotated Title 67, Chapter 4, Part 29 to reduce the threshold decennial county growth rate required for a county to levy a privilege tax on residential development. Th…Open in Informed Citizenry