Part Definitions

  1. Law
  2. Tennessee Code
  3. Public Planning and Housing
  4. Enterprise Zones
  5. Local Enterprise Zone Act
  6. Part Definitions

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As used in this part, unless the context otherwise requires:

  1. “Board” means the local enterprise zone management board appointed by a municipality;
  2. “Enterprise zone” means an area declared by the board to be eligible for the benefits of this part;
  3. “Municipality” means an incorporated city which has adopted home rule or county which has adopted a metropolitan form of government in accordance with the Constitution of Tennessee, art. XI, § 9, and any county which has adopted a charter form of government pursuant to the Constitution of Tennessee and title 5, chapter 1, part 2;
  4. “Qualified business” means any person, corporation or other entity engaged in the active conduct of a trade or business within a designated enterprise zone, except that for chain stores or other businesses or industries with multiple locations, only those locations or operations within the zone shall be considered as qualified businesses; and
  5. “Qualified property” means:
    1. Any tangible personal property which is used predominately by the taxpayer in an enterprise zone in the active conduct of a trade or business;
    2. Any real property located in such a zone which is used predominately by the taxpayer for residential purposes or in the active conduct of a trade or business, or is sold or exchanged by an individual whose principal residence is in such a zone; or
    3. Any interest in a corporation, partnership, or other entity if, for the most recent taxable year of such entity ending before the date of the sale or exchange, such entity was a qualified business.


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