Bill > SB1246

This bill establishes the "Clean Energy and Jobs Act", which creates two primary initiatives: a Clean Energy Workforce Training Grant Fund and a tax credit program for renewable energy and sustainable businesses. The workforce training fund, administered by the Department of Environment and Conservation's Office of Energy Programs, will be financed through state appropriations and potentially additional public or private gifts. The fund's purpose is to provide grants supporting the development and implementation of clean energy workforce training programs, with all grant recipients subject to audit by the state comptroller. Simultaneously, the bill introduces a 30% sales and use tax credit for renewable energy businesses (such as solar panel installers and wind farm developers) purchasing equipment to generate electricity or heat from renewable sources, and for small businesses (defined as having 50 or fewer employees) implementing sustainable practices like using eco-friendly materials or biodegradable packaging. The tax credit aims to incentivize businesses to adopt cleaner, more environmentally friendly practices. While rules for implementing these programs will be developed immediately, the substantive provisions of the act will take effect on January 1, 2026, giving businesses and state agencies time to prepare for the new regulations.

Agriculture and Natural Resources

https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SB1246&ga=114