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HB2085 • 2026

Public Funds and Financing

AN ACT to amend Tennessee Code Annotated, Title 4; Title 5; Title 6; Title 7; Title 8; Title 9 and Title 67, relative to government finances.

Taxes
Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
Boyd, Johnson
Last action
2026-04-14
Official status
Placed behind the budget
Effective date
Not listed

Plain English Breakdown

The official summary does not provide specific details about what happens if decisions are not made within the new timeframe or how existing plans will be affected, so these points remain speculative.

Changing Time Limits for Reviewing Tax Revenues

This bill changes the time limit from 30 to 45 days for reviewing tax increment revenue allocations in economic impact plans lasting over 20 years and redevelopment or community redevelopment plans lasting over 30 years.

What This Bill Does

  • Changes the review period from 30 days to 45 days for allocating tax increment revenues for periods longer than 20 years in economic impact plans, or 30 years in redevelopment or community redevelopment plans.

Who It Names or Affects

  • The commissioner of economic and community development
  • The comptroller

Terms To Know

Tax increment revenue
Money collected from taxes that is used to fund projects like economic development or redevelopment.
Economic impact plan
A plan designed to improve the economy in a specific area by attracting businesses and creating jobs.

Limits and Unknowns

  • The bill does not specify what happens if a decision is not made within the new 45-day period.
  • It's unclear how this change will affect existing plans or projects that are already underway.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

Amendment 1-0 to HB2085

Plain English: The amendment creates a new joint capital tourism board in Tennessee to oversee tourism-related activities and manage excess revenues.

  • Establishes a nine-member board with members appointed by the speaker of the senate, speaker of the house, governor, and local officials.
  • Sets staggered initial terms for board members and specifies that subsequent terms are four years long.
  • Allows the governor to designate one member as chair and outlines rules for meetings and record keeping.
  • Specifies that the board will be dissolved when excess revenues equal zero dollars.
  • The exact details of how the board will operate day-to-day are not fully explained in this amendment text.
Amendment 1-0 to SB1672

Plain English: The amendment creates a new joint capital tourism board to oversee tourism activities and finances in Tennessee's metropolitan areas with large populations.

  • Establishes a nine-member board for the joint capital tourism, including members appointed by legislative leaders, the governor, and local officials.
  • Sets staggered initial terms for board members and outlines procedures for their appointment and removal.
  • Authorizes the board to meet in closed sessions when discussing sensitive information related to tourism events or financial matters.
  • Requires the comptroller of the treasury's office to manage administrative tasks for the board.
  • The amendment text is truncated, so some details about the full scope and specific functions of the board are not provided.

Bill History

  1. 2026-04-14 Tennessee General Assembly

    Placed behind the budget

  2. 2026-04-14 Tennessee General Assembly

    Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/14/2026

  3. 2026-04-14 Tennessee General Assembly

    Assigned to s/c Finance, Ways, and Means Subcommittee

  4. 2026-04-14 Tennessee General Assembly

    Rec. for pass; ref to Finance, Ways, and Means Committee

  5. 2026-04-14 Tennessee General Assembly

    Action deferred in Senate Finance, Ways, and Means Committee to 4/15/2026

  6. 2026-04-13 Tennessee General Assembly

    Placed on cal. Government Operations Committee for 4/14/2026

  7. 2026-04-13 Tennessee General Assembly

    Rec. for pass. if am., ref. to Government Operations Committee

  8. 2026-04-08 Tennessee General Assembly

    Placed on cal. State & Local Government Committee for 4/13/2026

  9. 2026-04-08 Tennessee General Assembly

    Action def. in State & Local Government Committee to 4/15/2026

  10. 2026-04-08 Tennessee General Assembly

    Placed on Senate Finance, Ways, and Means Committee calendar for 4/14/2026

  11. 2026-04-01 Tennessee General Assembly

    Placed on cal. State & Local Government Committee for 4/8/2026

  12. 2026-03-31 Tennessee General Assembly

    Rec for pass if am by s/c ref. to State & Local Government Committee

  13. 2026-03-26 Tennessee General Assembly

    Placed on s/c cal Cities & Counties Subcommittee for 3/31/2026

  14. 2026-03-25 Tennessee General Assembly

    Recommended for passage with amendment/s, refer to Senate Finance, Ways, and Means Committee Ayes 9, Nays 0 PNV 0

  15. 2026-03-25 Tennessee General Assembly

    Placed on Senate State and Local Government Committee calendar for 3/25/2026

  16. 2026-03-24 Tennessee General Assembly

    Sponsor(s) withdrawn.

  17. 2026-03-24 Tennessee General Assembly

    Sponsor change.

  18. 2026-03-24 Tennessee General Assembly

    Assigned to s/c Cities & Counties Subcommittee

  19. 2026-03-24 Tennessee General Assembly

    Reassigned to State & Local Government Committee - Government Operations for Review - Fiannce, Ways & Means Committee

  20. 2026-03-24 Tennessee General Assembly

    Placed on Senate State and Local Government Committee calendar for 3/25/2026

  21. 2026-03-24 Tennessee General Assembly

    Action deferred in Senate State and Local Government Committee to 3/25/2026

  22. 2026-03-18 Tennessee General Assembly

    Ref. to Government Operations Committee for Review - Finance Ways & Means Committee

  23. 2026-03-18 Tennessee General Assembly

    Placed on Senate State and Local Government Committee calendar for 3/24/2026

  24. 2026-03-17 Tennessee General Assembly

    Action deferred in Senate State and Local Government Committee to 3/24/2026

  25. 2026-03-11 Tennessee General Assembly

    Placed on Senate State and Local Government Committee calendar for 3/17/2026

  26. 2026-02-04 Tennessee General Assembly

    P2C, caption bill, held on desk - pending amdt.

  27. 2026-02-02 Tennessee General Assembly

    Intro., P1C.

  28. 2026-01-23 Tennessee General Assembly

    Filed for introduction

  29. 2026-01-21 Tennessee General Assembly

    Passed on Second Consideration, refer to Senate State and Local Government Committee

  30. 2026-01-15 Tennessee General Assembly

    Introduced, Passed on First Consideration

  31. 2026-01-14 Tennessee General Assembly

    Filed for introduction

Official Summary Text

Abstract summarizes the bill.

Current Bill Text

Read the full stored bill text 
SENATE BILL 1672
By Johnson

HOUSE BILL 2085
By Boyd
HB2085
010716
- 1 -

AN ACT to amend Tennessee Code Annotated, Title 4;
Title 5; Title 6; Title 7; Title 8; Title 9 and Title 67,
relative to government finances.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. Tennessee Code Annotated, Section 9-23-104, is amended by deleting
"thirty (30) days" and substituting "forty-five (45) days".
SECTION 2. This act takes effect upon becoming law, the public welfare requiring it.