Bill > HB0951

This bill establishes the "Clean Energy and Jobs Act" by creating two key mechanisms to support clean energy and sustainable business practices in Tennessee. First, the bill creates the Clean Energy Workforce Training Fund, which will be administered by the Department of Environment and Conservation's Office of Energy Programs to provide grants supporting clean energy workforce training programs; the fund can receive state appropriations and additional public or private gifts, with all unspent funds rolling over year to year. Second, the bill introduces a 30% sales and use tax credit for renewable energy businesses and small businesses that invest in systems or practices that generate renewable energy or improve their environmental sustainability, such as solar panel installation equipment or eco-friendly manufacturing processes. The bill defines key terms like "clean energy" (including solar, wind, geothermal, hydropower, and biomass), "renewable energy business" (companies primarily focused on developing or maintaining renewable energy technologies), and "sustainable practices" (business practices aimed at minimizing environmental impact). The tax credits and workforce training fund are designed to incentivize and support the growth of clean energy industries and environmentally conscious business practices in Tennessee. The bill will take effect for rule-making immediately upon becoming law, with full implementation scheduled for January 1, 2026.

Agriculture and Natural Resources

https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=HB0951&ga=114