{"data":{"id":"us-tn/tenn.-code-ann.-9-23-105","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 9-23-105","heading":"Administrative expenses","body":"(a) Notwithstanding any tax increment statute to the contrary, any plan may provide that a total of up to five percent (5%) of incremental tax revenues may be set aside for administrative expenses, including expenses incurred by the tax increment agency and tax agency administrative offices (assessor of property and/or trustee or other tax collecting official) in administering the plan, and including a reasonable allocation of overhead expenses.\n(b) Notwithstanding subsection (a), a transit-oriented redevelopment plan approved pursuant to title 13, chapter 20, part 7, that includes tax increment financing of one million dollars ($1,000,000) or more may provide that not more than three percent (3%) of incremental tax revenues may be set aside for administrative expenses, including expenses incurred by the tax increment agency and tax agency administrative offices (assessor of property and/or trustee or other tax collecting official) in administering the plan, including a reasonable allocation of overhead expenses.","path":["TN Code","Title 9","Chapter 23"],"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":"73fdf64920276f8bcf18d7019ecfdf9dd4999e4889c4ef6fa6be6689f6d32fcc","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-9-23-104","next":"us-tn/tenn.-code-ann.-9-23-106"},"notice":"GroundRules: Original legal text. Not legal advice."}