SB1398 — Taxes, Real Property - As enacted, limits the authority of a special purpose corporation to negotiate and enter into PILOT agreements with the corporation's lessees, as delegated to it by a municipality, if certain written notice is not provided to certain chief executive officers of taxing jurisdictions; voids PILOT agreements entered into by the special purpose corporation if such notice is not provided. - Amends TCA Title 48 and Title 67.

SB1398 — Taxes, Real Property - As enacted, limits the authority of a special purpose corporation to negotiate and enter into PILOT agreements with the corporation's lessees, as delegated to it by a municipality, if certain written notice is not provided to certain chief executive officers of taxing jurisdictions; voids PILOT agreements entered into by the special purpose corporation if such notice is not provided. - Amends TCA Title 48 and Title 67. · Informed CitizenryThis bill amends Tennessee Code Annotated Sections 48-101-312(b) and 67 to regulate how a special purpose corporation negotiates and enters into payments in lieu of ad valorem taxes (PILOT) with it…Open in Informed Citizenry