{"data":{"id":"us-tn/tenn.-code-ann.-13-28-203","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 13-28-203","heading":"Part definitions","body":"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: (A) Any tangible personal property which is used predominately by the taxpayer in an enterprise zone in the active conduct of a trade or business; (B) 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 (C) 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. Acts 1989, ch. 541, § 3.\nAs used in this part, unless the context otherwise requires:\n(1) \"Board\" means the local enterprise zone management board appointed by a municipality;\n(2) \"Enterprise zone\" means an area declared by the board to be eligible for the benefits of this part;\n(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;\n(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\n(5) \"Qualified property\" means: (A) Any tangible personal property which is used predominately by the taxpayer in an enterprise zone in the active conduct of a trade or business; (B) 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 (C) 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.\n(A) Any tangible personal property which is used predominately by the taxpayer in an enterprise zone in the active conduct of a trade or business;\n(B) 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\n(C) 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.","path":["TN Code","Title 13","Chapter 28"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_tn_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:26Z","sha256":"c26cb8b9978f014106084f2e82a82a453bf0cedd629b192171afba27877f3e05","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-13-28-202","next":"us-tn/tenn.-code-ann.-13-28-204"},"notice":"GroundRules: Original legal text. Not legal advice."}