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TN SB2453
TN SB2453AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 6, relative to tax revenue.
summary
Introduced
02/02/2026
02/02/2026
In Committee
Crossed Over
Passed
Dead
Introduced Session
114th General Assembly
Bill Summary
As introduced, extends the deadline by which a county that borders at least three distressed rural counties must apply to be eligible to retain the sales and use tax generated from a commercial development district from December 31, 2026, to December 31, 2040; extends the deadline for the commissioner of finance and administration to approve a commercial development district from June 30, 2031, to June 30, 2041. - Amends TCA Title 67, Chapter 6.
AI Summary
This bill extends deadlines related to sales and use tax revenue retention for certain commercial development districts in Tennessee. Specifically, it pushes back the date by which a county bordering at least three distressed rural counties must apply to be eligible to keep the sales and use tax generated from a commercial development district from December 31, 2026, to December 31, 2040. Additionally, it extends the deadline for the commissioner of finance and administration, the state official responsible for overseeing financial matters, to approve such a commercial development district from June 30, 2031, to June 30, 2041, providing more time for these economic development initiatives.
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
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://wapp.capitol.tn.gov/apps/Billinfo/Default?BillNumber=SB2453&ga=114 |
| Fiscal Note - SB2453 | https://www.capitol.tn.gov/Bills/114/Fiscal/SB2453.pdf |
| BillText | https://www.capitol.tn.gov/Bills/114/Bill/SB2453.pdf |
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