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TN SB2633
TN SB2633AN ACT to amend Tennessee Code Annotated, Title 7 and Title 67, relative to taxation.
summary
Introduced
02/02/2026
02/02/2026
In Committee
Crossed Over
Passed
Dead
Introduced Session
114th General Assembly
Bill Summary
As introduced, adds to the definition of a "qualified public use facility" as used in the Local Tourism Development Zone Business Tax Act a mixed-use development containing a performance venue with a seating capacity of at least 2,500; authorizes a municipality or public authority that has financed a qualified public use facility within a tourism development zone and that qualifies for an allocation of sales tax revenue from within that zone under the Convention Center and Tourism Development Financing Act of 1998 and under other provisions of sales tax law to use the revenue for purposes authorized in the act or other law. - Amends TCA Title 7 and Title 67.
AI Summary
This bill expands the definition of a "qualified public use facility" under the Local Tourism Development Zone Business Tax Act to include mixed-use developments that contain a performance venue with at least 2,500 seats, and for which there is a significant public and private capital investment of $300 million or more. It also allows municipalities or public authorities that have financed such a facility within a tourism development zone and are eligible to receive sales tax revenue from that zone, under both the Convention Center and Tourism Development Financing Act of 1998 and other sales tax laws, to use that revenue for purposes authorized by either of those laws, as they decide.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Refer to Senate F,W&M Revenue Subcommittee (on 02/24/2026)
bill text
bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://wapp.capitol.tn.gov/apps/Billinfo/Default?BillNumber=SB2633&ga=114 |
| BillText | https://www.capitol.tn.gov/Bills/114/Bill/SB2633.pdf |
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