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Benton County adopts policies authorizing industrial board to negotiate tax incentives
Summary
The commission approved policies allowing the Industrial Development Board to negotiate payments in lieu of ad valorem taxes and adopted tax-increment incentive procedures, delegating negotiation authority under Tennessee law.
Camden, Tenn. — Benton County commissioners on April 21 adopted two policy resolutions that establish a local framework for negotiating property tax incentives and tax-increment incentive transactions.
Resolution 20250421-02 approved Policies and Procedures for a Property Tax Incentive Program, authorizing the Industrial Development Board of Benton County to negotiate and accept payments in lieu of ad valorem taxes pursuant to Tennessee Code Annotated Section 7-53-305. Commissioner Kiehn moved the resolution and Commissioner Miller seconded; the commission approved it on a roll call vote of 15 Ayes, 0 No, and 3 Absent.
Resolution 20250421-03 adopted Policies and Procedures for Tax Increment Incentive Transactions under the Uniformity in Tax Increment Financing Act of 2012. Commissioner Douglas moved that resolution and Commissioner Melton seconded; it was approved on a roll call vote of 15 Ayes, 0 No, and 3 Absent.
Both resolutions delegate to the Industrial Development Board limited authority to negotiate incentive agreements and set local procedures for evaluating and administering those transactions. The texts attached to the resolutions (Exhibit A) provide the operative policies and tie the authority to the cited Tennessee statutes.
Supporters said the policies provide clarity for prospective projects and align county practice with state law; no substantive amendments to those policy texts were recorded on the floor.
