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2017 Tennessee Code
Title 9 - Public Finances
Chapter 23 - Uniformity in Tax Increment Financing Act of 2012
§ 9-23-105. Administrative expenses.
Universal Citation: TN Code § 9-23-105 (2017)
Notwithstanding any tax increment statute to the contrary, any plan may provide that a total of up to five percent (5%) of incremental tax revenues may be set aside for administrative expenses, including expenses incurred by the tax increment agency and tax agency administrative offices (assessor of property and/or trustee or other tax collecting official) in administering the plan, and including a reasonable allocation of overhead expenses.
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