67-4-2902 - Purpose of part. - Tennessee Statutes

67-4-2902. Purpose of part.

The purpose of this part is to authorize counties to levy a privilege tax on persons and entities engaged in the residential development of property, in order to provide a county with an additional source of funding to defray the cost of providing school facilities to meet the needs of the citizens of the county as a result of population growth.

[Acts 2006, ch. 953, § 1.]