Tennessee HB1306 amends economic development laws to clarify terms and streamline approval processes for economic impact plans.
Tennessee HB1306 amends several sections of Tennessee Code to refine economic development policies. It specifies that multifamily housing facilities, including affordable and workforce housing, can be occupied by low to moderate income, elderly, or handicapped persons. The bill also allows for minor amendments to economic impact plans without additional public hearings. Furthermore, it clarifies that tax increment revenues can be used for public infrastructure within the municipality that created the corporation.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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