---
type: "Bill"
title: "Industrial Development - As enacted, authorizes an industrial development corporation to negotiate a payment in lieu of tax agreement for less than the ad valorem taxes otherwise due for a retail business for a period longer than 10 years, plus a reasonable construction or installation period of not more than three years, in certain circumstances. - Amends TCA Section 7-53-101 and Section 7-53-305."
description: "Industrial Development - As enacted, authorizes an industrial development corporation to negotiate a payment in lieu of tax agreement for less than the ad valorem taxes otherwise due for a retail business for a period longer than 10 years, plus a reasonable construction or installation period of not more than three years, in certain circumstances. - Amends TCA Section 7-53-101 and Section 7-53-305."
jurisdiction: "us/states/tn"
legislature: "Tennessee General Assembly"
session: "110"
identifier: "SB 2622"
citation: "Tennessee SB 2622 (110)"
classification: ["bill"]
subjects: ["Industrial Development"]
status: "enacted"
primary_sponsors: ["Carter", "Norris"]
version_count: 1
action_count: 60
vote_count: 1
first_action: "2018-02-01"
last_action: "2018-05-23"
source: "openstates"
source_identifier: "ocd-bill/451af748-808c-4bc5-94c9-d7bbf492dd48"
source_url: "http://wapp.capitol.tn.gov/apps/BillInfo/default.aspx?BillNumber=SB2622&GA=110"
source_hash: "876aaf3319253e06bd57dac1dcb84026adeb17b646dc5a43629f2eaeae45b34d"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-tn"]
---

# Tennessee SB 2622 (110) — Industrial Development - As enacted, authorizes an industrial development corporation to negotiate a payment in lieu of tax agreement for less than the ad valorem taxes otherwise due for a retail business for a period longer than 10 years, plus a reasonable construction or installation period of not more than three years, in certain circumstances. - Amends TCA Section 7-53-101 and Section 7-53-305.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Current Version** (committee substitute) — [source](http://www.capitol.tn.gov/Bills/110/Bill/SB2622.pdf)

## Votes

- SENATE STATE AND LOCAL GOVERNMENT COMMITTEE: Recommended for passage with amendment/s, refer to Senate Calendar Committee Ayes 9, Nays 0 PNV 0 3/28/2018 Passed (1) — **9–0** (pass) · upper

## Sponsors

- Carter — primary (person)
- Norris — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2018-02-01** Introduced, Passed on First Consideration `introduction`
- **2018-02-01** Filed for introduction `introduction, reading-1`
- **2018-02-01** Filed for intro. `introduction, reading-1`
- **2018-02-01** Intro. `introduction`
- **2018-02-05** Passed on Second Consideration, refer to Senate State and Local Government Committee
- **2018-02-05** P1C.
- **2018-02-07** Assigned to s/c Local Government Subcommittee `referral-committee`
- **2018-02-07** P2C, ref. to Local Government Committee `referral-committee`
- **2018-03-05** Sponsor(s) Added.
- **2018-03-07** Placed on s/c cal Local Government Subcommittee for 3/14/2018
- **2018-03-14** Placed on cal. Local Government Committee for 3/20/2018
- **2018-03-14** Rec. for pass if am. by s/c ref. to Local Government Committee `committee-passage-favorable`
- **2018-03-16** Sponsor(s) Added.
- **2018-03-20** Action def. in Local Government Committee to 3/27/2018
- **2018-03-21** Placed on Senate State and Local Government Committee calendar for 3/27/2018
- **2018-03-21** Placed on cal. Local Government Committee for 3/27/2018
- **2018-03-27** Action deferred in Senate State and Local Government Committee to 3/28/2018
- **2018-03-27** Action def. in Local Government Committee to 4/3/2018
- **2018-03-28** Recommended for passage with amendment/s, refer to Senate Calendar Committee Ayes 9, Nays 0 PNV 0
- **2018-03-28** Placed on Senate State and Local Government Committee calendar for 3/28/2018
- **2018-03-28** Placed on cal. Local Government Committee for 4/3/2018
- **2018-04-03** Rec. for pass. if am., ref. to Finance, Ways & Means Committee `committee-passage-favorable`
- **2018-04-04** Placed on s/c cal Finance, Ways & Means Subcommittee for 4/9/2018
- **2018-04-04** Assigned to s/c Finance, Ways & Means Subcommittee `referral-committee`
- **2018-04-09** Rec. for pass. if am., ref. to Calendar & Rules Committee `committee-passage-favorable`
- **2018-04-09** Placed on cal. Finance, Ways & Means Committee for 4/9/2018
- **2018-04-09** Rec for pass if am by s/c ref. to Finance, Ways & Means Committee `referral-committee`
- **2018-04-10** H. Placed on Regular Calendar for 4/16/2018
- **2018-04-10** Placed on cal. Calendar & Rules Committee for 4/10/2018
- **2018-04-13** Placed on Senate Regular Calendar 2 calendar for 4/17/2018
- **2018-04-16** Engrossed; ready for transmission to Sen.
- **2018-04-16** Passed H., as am., Ayes 94, Nays 1, PNV 1 `passage`
- **2018-04-16** Am. withdrawn. (Amendment 1 - HA1138) `amendment-withdrawal`
- **2018-04-16** H. adopted am. (Amendment 2 - HA1162) `amendment-passage`
- **2018-04-17** Placed on Senate Regular Calendar 2 calendar for 4/18/2018
- **2018-04-17** Senate Reset on Regular Calendar 2 for 4/18/18
- **2018-04-17** Received from House, Passed on First Consideration `introduction`
- **2018-04-18** Placed on Senate Regular Calendar 2 calendar for 4/19/2018
- **2018-04-18** Senate Reset on calendar for 4/19/2018
- **2018-04-19** Placed on Senate Regular Calendar calendar for 4/23/2018
- **2018-04-19** Senate Reset on calendar for 4/23/2018
- **2018-04-23** Placed on Senate Regular Calendar calendar for 4/24/2018
- **2018-04-23** Senate Reset on calendar for 4/24/2018
- **2018-04-24** Placed on Senate Regular Calendar calendar for 4/25/2018
- **2018-04-25** Companion House Bill substituted
- **2018-04-25** H. concurred in S. am. no. 3 Ayes 87, Nays 0 PNV 0 HB2664
- **2018-04-25** H. Placed on Message Calendar #3 for 4/25/2018
- **2018-04-25** Passed Senate as amended, Ayes 28, Nays 3 `passage`
- **2018-04-25** Senate adopted Amendment (Amendment 3 - SA1201)
- **2018-04-25** Amendment withdrawn. (Amendment 2 - SA1104)
- **2018-04-25** Amendment withdrawn. (Amendment 1 - SA0984)
- **2018-04-25** Senate substituted House Bill for companion Senate Bill.
- **2018-05-01** Enrolled; ready for sig. of H. Speaker.
- **2018-05-02** Signed by H. Speaker
- **2018-05-09** Signed by Senate Speaker
- **2018-05-10** Transmitted to Governor for his action. `executive-receipt`
- **2018-05-21** Signed by Governor. `executive-signature`
- **2018-05-23** Comp. became Pub. Ch. 1064
- **2018-05-23** Pub. Ch. 1064
- **2018-05-23** Effective date(s) 10/01/2018

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/451af748-808c-4bc5-94c9-d7bbf492dd48`. Confidence: reported (aggregated from official Tennessee legislature records).