SUBSTITUTE RESOLUTION NO. RS2007-2080
WHEREAS, the General Assembly of the State of Tennessee has enacted Senate Bill No. 2 of the 105th Tennessee General Assembly, hereinafter referred to as Public Chapter 581 of the Public Acts of 2007 (hereinafter “the Act”), which passed both houses on June 12, 2007, and was signed into law on June 28, 2007; and,
WHEREAS, in 2006, the voting citizens of the State of Tennessee approved an amendment to the Tennessee Constitution authorizing the General Assembly to enact a property tax freeze for elderly, low-income taxpayers; and,
WHEREAS, the Act amends Tennessee Code Annotated, Section 67-5-705 to provide for the uniform and orderly administration of the property tax freeze program for eligible taxpayers in jurisdictions adopting said program; and,
WHEREAS, the General Assembly of the State of Tennessee has authorized the legislative body of any county or municipality to adopt the property tax freeze program; and,
WHEREAS, it is to the benefit of the citizens of The Metropolitan Government of Nashville and Davidson County that the property tax freeze program be adopted; and,
Now, therefore, be it resolved by the Council of The Metropolitan Government of Nashville and Davidson County:
Section 1. That the property tax freeze program, authorized by the Act, is hereby adopted by the Council of The Metropolitan Government of Nashville and Davidson County.
Section 2. That this resolution shall take effect from and after its adoption, the welfare of The Metropolitan Government of Nashville and Davidson County requiring it.
Sponsored by: Rip Ryman, Parker Toler, Harold White, Eric Crafton, Ludye Wallace, Michael Craddock, Brenda Gilmore, Jim Forkum, Walter Hunt, Jim Gotto, Jim Hodge, Sam Coleman, Anna Page, Feller Brown, Buck Dozier, Diane Neighbors, Carolyn Baldwin Tucker, Greg Adkins, Charlie Tygard, Vivian Wilhoite, Emily Evans, John Summers, Carl Burch, Robert Duvall, Pam Murray, Lynn Williams, Jim Shulman
|Referred:||Budget & Finance Committee|
|Introduced:||July 17, 2007|
|Substitute Introduced:||July 17, 2007|
|Adopted:||July 17, 2007|
|Approved:||July 23, 2007|