Tax Incentive and Abatement Study and Formulating Committee

Established by BL2022-1415 and BL2022-1527
7 Members

Function

The intent of the Tax Incentive and Abatement Study and Formulating Committee is to study how the Metropolitan Government has utilized and potentially could utilize tax incentives to incentivize use of property in a way that contributes to the public good and to formulate recommendations for its implementation in a more transparent, equitable, effective, understandable, and fiscally responsible manner. The committee will assess the following:

• How tax incentives are awarded
• Whether alternative lawful applications exist for tax incentives
• Whether methods for awarding tax incentives should be expanded given the challenges of Nashville’s growth to the preservation or construction of affordable housing, small business locations, and community necessities like grocery stores, and child care facilities
• Whether there should be a cap on overall tax incentive allocations or individual categories of tax incentive allocations, and if so to recommend a method for setting a cap
• Acknowledge and incorporate where appropriate, the information and recommendations provided by the Tax Increment Financing Study and Formulating Committee Report issued May 17, 2019

Tax Incentive and Abatement Study and Formulating Committee Document Library