The department of revenue shall make annual adjustments to the sales and use tax revenues collected in the district within ninety (90) days of the end of each fiscal year. The annual adjustments are effective immediately upon notification of the adjustment from the department of revenue to the municipality or industrial development corporation.
Structure 2021 Tennessee Code
Title 7 - Consolidated Governments and Local Governmental Functions and Entities
Chapter 41 - Regional Retail Tourism Development District Act
§ 7-41-102. Purpose of Chapter
§ 7-41-103. Chapter Definitions
§ 7-41-105. Annual Adjustments to Sales and Use Tax Revenues Collected in District
§ 7-41-107. Delegation to Industrial Development Corporation
§ 7-41-109. Debt Amortization Schedule for Bonds
§ 7-41-110. Limitations, Conditions, or Provision of Incentives or Financial Support in District
§ 7-41-111. Exercise of Powers and Rights Granted by Chapter