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TN HB1878
TN HB1878AN ACT to amend Tennessee Code Annotated, Title 7 and Title 48, relative to industrial development corporations.
summary
Introduced
01/21/2026
01/21/2026
In Committee
04/08/2026
04/08/2026
Crossed Over
Passed
Dead
Introduced Session
Potential new amendment
114th General Assembly
Bill Summary
As introduced, authorizes the board of directors of an industrial development corporation to initiate a merger with another corporation in the manner provided for public benefit corporations under the Tennessee Nonprofit Corporation Act. - Amends TCA Title 7 and Title 48.
AI Summary
This bill allows the board of directors of an industrial development corporation, which are entities established to promote economic growth, to start the process of merging with another corporation. This merger process would follow the same rules that apply to public benefit corporations under a specific part of Tennessee law, known as title 48, chapter 61 of the Tennessee Nonprofit Corporation Act. This change is being made to Tennessee Code Annotated (TCA) sections related to industrial development and corporations.
Committee Categories
Budget and Finance, Government Affairs
Sponsors (1)
Last Action
Placed on cal. Finance, Ways, and Means Committee for 4/14/2026 (on 04/08/2026)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=HB1878&ga=114 |
| Amendment 1-0 to HB1878 | https://www.capitol.tn.gov/Bills/114/Amend/HA1085.pdf |
| Fiscal Memo for HA1085 (16660) | https://www.capitol.tn.gov/Bills/114/Fiscal/FM3068.pdf |
| Amendment 1-0 to SB2646 | https://www.capitol.tn.gov/Bills/114/Amend/SA0662.pdf |
| Fiscal Memo for SA0662 (14670) | https://www.capitol.tn.gov/Bills/114/Fiscal/FM2274.pdf |
| Fiscal Note - HB1878 | https://www.capitol.tn.gov/Bills/114/Fiscal/HB1878.pdf |
| BillText | https://www.capitol.tn.gov/Bills/114/Bill/HB1878.pdf |
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