Statutes > Tennessee Statutes > Title 67 - Taxes And Licenses > Chapter 4 - Privilege and Excise Taxes > Part 29 - County Powers Relief Act > 67-4-2904 - Residential development declared to be a locally taxable privilege.

67-4-2904 - Residential development declared to be a locally taxable privilege.

67-4-2904. Residential development declared to be a locally taxable privilege.

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 vote of the entire membership of the county legislative body at two (2) consecutive, regularly scheduled meetings.

[Acts 2006, ch. 953, § 1.]