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Commission pulls two industrial development policy resolutions
Summary
Two resolutions proposing policy frameworks for payments in lieu of ad valorem tax and tax‑increment incentive transactions were pulled from consideration and not adopted during the Feb. 18 meeting.
At its Feb. 18 session, the Benton County Commission removed two proposed policy resolutions from the agenda that would have set county procedures for certain industrial development incentives.
Resolution No. 20250218-06 would have approved policies and procedures for a Property Tax Incentive Program authorizing negotiation and acceptance of payments in lieu of ad valorem taxes (PILOTs) under Tennessee Code Annotated Section 7-53-305. Resolution No. 20250218-07 would have adopted policies and procedures for Tax Increment Incentive Transactions under the Uniformity in Tax Increment Financing Act. Minutes indicate both resolutions were "pulled" from consideration and therefore not adopted.
The minutes do not record a roll-call vote for those items or provide discussion detail in the public record. Commissioners did proceed with other business after removing the items from the floor.
