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Tax-exemption legislation could be costly for county
tim w sm
Legislation before the Tennessee General Assembly next year allowing a tax exemption for marina owners operating on federal property could cost DeKalb County thousands of tax dollars per year if passed, officials said at last week’s county commission meeting. The legislation would exempt property owned by the federal government and leased to marina owners or operators who make in lieu of tax payments from property taxes. The bill, sponsored in the Tennessee House of Representatives (HB 1038) by Republican Cameron Sexton of Crossville and in the State Senate (SB 0938) by Republican Bo Watson of Hixson stalled in committee this year.