Tennessee Code 67-4-2904 – Residential development declared to be a locally taxable privilege
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Terms Used In Tennessee Code 67-4-2904
- County: means a county or metropolitan government. See Tennessee Code 67-4-2903
- Development: means the construction, building, erection, or improvement to land by providing a new building or structure that provides floor area for residential use. See Tennessee Code 67-4-2903
- Governing body: means the county legislative body or metropolitan council. See Tennessee Code 67-4-2903
- Residential: means the development of any property for a dwelling unit or units. See Tennessee Code 67-4-2903
Engaging in the act of residential development within a county, except as excluded by this part, is declared to be a privilege upon which a county, by resolution or ordinance of its governing body, may levy a tax, subject to the conditions and limitations contained in this part. The resolution or ordinance shall be adopted by a two-thirds (2/3) vote of the entire membership of the county legislative body at two (2) consecutive, regularly scheduled meetings.