Top legislative leaders want to rewrite Gov. Bill Haslam’s legislation that would keep the public from seeing the names of owners of companies receiving taxpayer-funded economic incentives.Senate Speaker Ron Ramsey, R-Blountville, and House Speaker Beth Harwell, R-Nashville, said citizens should know the ownership interests behind companies getting state Fast Track development grants, tax incentives and tax credits.
A bill sought by Haslam (pictured, right), a fellow Republican, and Economic Development Commissioner Bill Hagerty seeks more detailed information from companies receiving hundreds of millions of dollars in taxpayer money. It includes “information on business processes, organizational structure and ownership, financial statements” and similar data.
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