Allows municipalities to levy a privilege tax on property development for transportation infrastructure.
This bill amends Tennessee law to allow municipalities to impose a privilege tax on property development for the construction and improvement of roads, streets, sidewalks, trails, and other transportation infrastructure. The tax can be levied by ordinance and must follow the rates and conditions outlined in existing statutes. The revenue must be used exclusively for a capital improvement program.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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