Tennessee Industrial Development Board TIF — Economic Impact Plan Districts (TN)
Tracked preemption from the Tennessee overlay bundle.
Overview
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Effective
2004-06-15
Sunset
—
Authority
state
Scope
state:TN
Other Tennessee preemptions
Tennessee State Building Code — 2021 I-Codes via State Fire Marshal SBCOTennessee Voluntary Attainable Housing Incentive Programs — IZ Ban Carve-OutTennessee Short Term Rental Unit Act — Statewide STR GrandfatheringTennessee §6-54-127 — Mandatory Inclusionary Zoning & Rent Control BanTennessee Heritage Protection Act — Memorials on Public PropertyTennessee Agricultural District and Farmland Preservation ActTennessee NPDES Stormwater & Riparian Buffer — Construction & MS4 PermitsTennessee Public Chapter 1101 (1998) — UGB / PGA / RA Growth Plan Regime
Trigger predicate
When this evaluates true for a parcel, the law's preempted fields take precedence over base zoning.
parcel.in_idb_tif_economic_impact_plan_area == TruePreempted fields
2 fields on the base district schema are rewritten when the trigger fires.
| Field | Op | Value | Note |
|---|---|---|---|
parcel.property_tax_increment_allocation | override | allocated_to_idb_for_tif_debt_service | §7-53-312: incremental revenues from property may be allocated to IDB for up to 20 years (longer with Commissioner + Comptroller written determination) |
review_type | require | economic_impact_plan_public_hearing_dual_approval | IDB must prepare Economic Impact Plan, hold public hearing, obtain approval from BOTH city and county to capture both tax increments |
Citation
Authority source
Tenn. Code Ann. §§7-53-101 through 7-53-320 (Industrial Development Corporations); §7-53-312 (TIF Economic Impact Plan); Uniformity in Tax Increment Financing Act of 2012
§ §§7-53-101 et seq.; §7-53-312
Research notes
IDB-issued TIF debt finances qualifying projects via incremental property-tax revenue. Subject to TIF Uniformity Act (2012) which harmonizes implementation across the state. 2019 amendments extended TIF authority for brownfield redevelopment specifically (interacts with §68-212-224 VOAP). Reported annually to State Board of Equalization (Comptroller's office).