Tennessee Governor Signs Law Authorizing Special Property Tax Assessments for Residential Infrastructure Development Districts

May 17, 2024, 5:47 PM UTC

The Tennessee Governor signed a law concerning the Residential Infrastructure Development Act. The law authorizes each host municipality to levy special property tax assessments against all properties located within the infrastructure development district. The law took effective May 1. [S.B. 2315, enacted 05/01/24]

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