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Bill > HB2510
TN HB2510
TN HB2510AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 6, relative to tax revenue.
summary
Introduced
02/03/2026
02/03/2026
In Committee
02/18/2026
02/18/2026
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 a program that allows certain counties to retain sales and use tax revenue generated from commercial development districts. Specifically, it pushes back the date by which a county bordering at least three distressed rural counties must apply for eligibility to keep this tax revenue from December 31, 2026, to December 31, 2040. Additionally, it extends the deadline for the commissioner of finance and administration, a state official responsible for financial matters, to approve these commercial development districts from June 30, 2031, to June 30, 2041. These changes are intended to provide more time for counties to take advantage of this economic development incentive.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Assigned to s/c Finance, Ways, and Means Subcommittee (on 02/18/2026)
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=HB2510&ga=114 |
| BillText | https://www.capitol.tn.gov/Bills/114/Bill/HB2510.pdf |
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