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Commission asks Tennessee Department of Revenue for TVA acreage report used in tax allocations
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Summary
Commissioners approved a resolution asking the Tennessee Department of Revenue for the most recent TVA acreage report that the department receives from TVA, which is used in the formula allocating TVA in‑lieu‑of‑tax dollars to counties and cities.
Commissioners Jerry Price and Rocky Presson sponsored a resolution directing county staff to request from the Tennessee Department of Revenue the most recent report the department receives from the Tennessee Valley Authority showing TVA‑owned acreage in Benton County.
The resolution notes that TVA provides acreage data used by the State in calculating in‑lieu‑of‑tax allocations to counties and cities. Commissioner Kiehn moved and Commissioner Bain seconded the resolution; the roll‑call vote passed 17 Aye, 0 No, 1 Absent as recorded in the minutes.
The resolution directs county officials to obtain the TVA acreage data from the Department of Revenue; the meeting record does not include the report itself or a timeline for when the county will receive it.
