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TACIR approves report on TVA payments-in-lieu-of-taxes; staff seeks distributor disclosure
Summary
The Tennessee Advisory Commission on Intergovernmental Relations approved a staff report summarizing TVA payments in lieu of taxes for federal fiscal year 2023–24 and estimates for 2024–25 and asked TVA to provide a list of distributors buying non‑TVA power to the Tennessee Department of Revenue for monitoring under Public Chapter 1035 (2010).
The Tennessee Advisory Commission on Intergovernmental Relations on a voice vote approved a commission staff report on Tennessee Valley Authority payments in lieu of taxes (the TVA “pilot”), covering federal fiscal year 2023–24 and estimates for federal fiscal year 2024–25.
Senior research associate Jennifer Arzate presented the report and said it was prepared in response to Public Chapter 1035, Acts of 2010, directing the commission to monitor changes in TVA’s…
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