Economic and Community Development - As introduced, urges TACIR to perform a study and make recommendations regarding the potential economic benefits to counties and municipalities if payments in lieu of ad valorem taxes were accepted from private individuals for relocating and entering into high-need fields, such as teaching and law enforcement, and for residing in residential property owned by the municipal or county government for which the private individual is employed; requires, that if such study is performed, TACIR report its findings and recommendations to the members of the finance, ways and means committees of the house of representatives and senate. - Amends TCA Title 4; Title 5; Title 6; Title 7, Chapter 53; Title 9, Chapter 23; Title 13, Chapter 20 and Title 67, Chapter 5.