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HB2496 • 2026

Taxes

AN ACT to amend Tennessee Code Annotated, Title 7 and Title 67, relative to taxation.

Children Taxes
Active

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

Sponsor
Farmer, Seal
Last action
2026-05-27
Official status
Effective date(s) 05/21/2026
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Taxes

ON APRIL 13, 2026, THE HOUSE ADOPTED AMENDMENT #2 AND PASSED HOUSE BILL 2496, AS AMENDED.

What This Bill Does

  • ON APRIL 13, 2026, THE HOUSE ADOPTED AMENDMENT #2 AND PASSED HOUSE BILL 2496, AS AMENDED.
  • AMENDMENT #2 makes the following changes:  Lowers the requires total public and private investment to meet the definition of "qualified public use facility" from $300 million to $200 million.
  •  Requires a portion of the sales and use taxes received by the commissioner of revenue to be distributed to a public entity designated by the municipality that is responsible for the retirement of all or a portion of the original debt relating to a performance venue with a seating capacity of at least 2,500 that previously was leased to a minor league baseball team.
  • Such distribution must be equal to the amount of any incremental state and local sales and use tax revenue from the sale of food, drink, and other authorized goods or products, ticket sales, and parking charges that occur on the premises on which the performance venue is located.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Amendments

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

Amendment 1-0 to HB2496

Plain English: House State & Local Government 1 Amendment No.

  • House State & Local Government 1 Amendment No.
  • 1 to HB2496 Crawford Signature of Sponsor AMEND Senate Bill No.
  • 2633* House Bill No.
  • 2496 HA0740 014724 - 1 - by deleting all language after the enacting clause and substituting: SECTION 1.
Amendment 2-0 to HB2496

Plain English: House Finance, Ways, and Means 1 Amendment No.

  • House Finance, Ways, and Means 1 Amendment No.
  • 2 to HB2496 Hicks G Signature of Sponsor AMEND Senate Bill No.
  • 2633* House Bill No.
  • 2496 HA1063 017237 - 1 - by deleting all language after the enacting clause and substituting: SECTION 1.
Amendment 1-0 to SB2633

Plain English: Senate Finance, Ways, and Means 1 Amendment No.

  • Senate Finance, Ways, and Means 1 Amendment No.
  • 1 to SB2633 Watson Signature of Sponsor AMEND Senate Bill No.
  • 2633* House Bill No.
  • 2496 SA1088 017237 - 1 - by deleting all language after the enacting clause and substituting: SECTION 1.

Bill History

  1. 2026-05-27 Tennessee General Assembly

    Effective date(s) 05/21/2026

  2. 2026-05-27 Tennessee General Assembly

    Pub. Ch. 1034

  3. 2026-05-27 Tennessee General Assembly

    Comp. became Pub. Ch. 1034

  4. 2026-05-21 Tennessee General Assembly

    Signed by Governor.

  5. 2026-05-11 Tennessee General Assembly

    Transmitted to Governor for his action.

  6. 2026-05-05 Tennessee General Assembly

    Signed by Senate Speaker

  7. 2026-04-30 Tennessee General Assembly

    Signed by H. Speaker

  8. 2026-04-29 Tennessee General Assembly

    Enrolled; ready for sig. of H. Speaker.

  9. 2026-04-24 Tennessee General Assembly

    Sponsor(s) Added.

  10. 2026-04-23 Tennessee General Assembly

    Passed Senate, Ayes 30, Nays 0

  11. 2026-04-23 Tennessee General Assembly

    Amendment withdrawn. (Amendment 1 - SA1088)

  12. 2026-04-23 Tennessee General Assembly

    Senate substituted House Bill for companion Senate Bill.

  13. 2026-04-23 Tennessee General Assembly

    Companion House Bill substituted

  14. 2026-04-22 Tennessee General Assembly

    Placed on Senate Regular Calendar for 4/23/2026

  15. 2026-04-22 Tennessee General Assembly

    Senate Reset on calendar for 4/23/2026

  16. 2026-04-21 Tennessee General Assembly

    Placed on Senate Regular Calendar for 4/22/2026

  17. 2026-04-21 Tennessee General Assembly

    Recommended for passage with amendment/s, refer to Senate Calendar Committee Ayes 11, Nays 0 PNV 0

  18. 2026-04-20 Tennessee General Assembly

    Placed on Senate Finance, Ways, and Means Committee calendar for 4/21/2026

  19. 2026-04-14 Tennessee General Assembly

    Received from House, Passed on First Consideration

  20. 2026-04-14 Tennessee General Assembly

    Placed on Senate Finance, Ways, and Means Committee calendar for 4/21/2026

  21. 2026-04-14 Tennessee General Assembly

    Placed on Senate Finance, Ways, and Means Committee calendar for 4/20/2026

  22. 2026-04-13 Tennessee General Assembly

    Engrossed; ready for transmission to Sen.

  23. 2026-04-13 Tennessee General Assembly

    Sponsor(s) Added.

  24. 2026-04-13 Tennessee General Assembly

    Passed H., as am., Ayes 80, Nays 11, PNV 3

  25. 2026-04-13 Tennessee General Assembly

    H. adopted am. (Amendment 2 - HA1063)

  26. 2026-04-13 Tennessee General Assembly

    Am. withdrawn. (Amendment 1 - HA0740)

  27. 2026-04-09 Tennessee General Assembly

    H. Placed on Regular Calendar for 4/13/2026

  28. 2026-04-08 Tennessee General Assembly

    Placed on cal. Calendar & Rules Committee for 4/9/2026

  29. 2026-04-07 Tennessee General Assembly

    Rec. for pass. if am., ref. to Calendar & Rules Committee

  30. 2026-04-01 Tennessee General Assembly

    Placed on cal. Finance, Ways, and Means Committee for 4/7/2026

  31. 2026-04-01 Tennessee General Assembly

    Rec. for pass by s/c ref. to Finance, Ways, and Means Committee

  32. 2026-03-25 Tennessee General Assembly

    Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/1/2026

  33. 2026-03-19 Tennessee General Assembly

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

  34. 2026-03-18 Tennessee General Assembly

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

  35. 2026-03-17 Tennessee General Assembly

    Refer to Senate F,W&M Committee w/ positive recommendation, as amended

  36. 2026-03-11 Tennessee General Assembly

    Placed on cal. State & Local Government Committee for 3/18/2026

  37. 2026-03-11 Tennessee General Assembly

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

  38. 2026-03-11 Tennessee General Assembly

    Sponsor(s) Added.

  39. 2026-03-10 Tennessee General Assembly

    Placed on Senate FW&M Revenue Subcommittee calendar for 3/17/2026

  40. 2026-03-04 Tennessee General Assembly

    Placed on s/c cal Cities & Counties Subcommittee for 3/11/2026

  41. 2026-02-24 Tennessee General Assembly

    Refer to Senate F,W&M Revenue Subcommittee

  42. 2026-02-05 Tennessee General Assembly

    Assigned to s/c Cities & Counties Subcommittee

  43. 2026-02-05 Tennessee General Assembly

    P2C, ref. to State & Local Government Committee

  44. 2026-02-05 Tennessee General Assembly

    Passed on Second Consideration, refer to Senate Finance, Ways, and Means Committee

  45. 2026-02-04 Tennessee General Assembly

    Intro., P1C.

  46. 2026-02-03 Tennessee General Assembly

    Filed for introduction

  47. 2026-02-02 Tennessee General Assembly

    Introduced, Passed on First Consideration

  48. 2026-02-02 Tennessee General Assembly

    Filed for introduction

Official Summary Text

ON APRIL 13, 2026, THE HOUSE ADOPTED AMENDMENT #2 AND PASSED HOUSE BILL 2496, AS AMENDED.

AMENDMENT #2 makes the following changes:



Lowers the requires total public and private investment to meet the definition of "qualified public use facility" from $300 million to $200 million.


Requires a
portion of the sales and use taxes received by the commissioner of revenue to be distributed to a public entity designated by the municipality that is responsible for the retirement of all or a portion of the original debt relating to a performance venue with a seating capacity of at least 2,500 that previously was leased to a minor league baseball team. Such distribution must be equal to the amount of any incremental state and local sales and use tax revenue from the sale of food, drink, and other authorized goods or products, ticket sales, and parking charges that occur on the premises on which the performance venue is located. The apportionment must continue until the debt is retired, or after 30 years, whichever is sooner. However, no portion of the revenue derived from the increase in the rate of sales and use tax allocated to educational purposes or revenue derived from the increase in the rate of sales and use tax from 6% to 7% must be apportioned pursuant to this amendment.

Current Bill Text

Read the full stored bill text 
SENATE BILL 2633
By Seal

HOUSE BILL 2496
By Farmer
HB2496
012496
- 1 -

AN ACT to amend Tennessee Code Annotated, Title 7 and
Title 67, relative to taxation.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. Tennessee Code Annotated, Section 7-88-114, is amended by adding the
following as a new subsection:
(h) If a municipality or public authority is entitled to receive an allocation of sales
tax revenues pursuant to this chapter and pursuant to § 67-6-103, then the municipality
or public authority may apply such sales tax revenues from the applicable area for the
purposes authorized under this chapter or for the purposes authorized by § 67-6-103, as
determined by the municipality or public authority.
SECTION 2. Tennessee Code Annotated, Section 67-4-3002, is amended by deleting
subdivision (7)(D) and substituting instead:
(D) A mixed-use development initially including a sports facility containing ten
(10) or more sports fields or a performance venue with a seating capacity of at least two
thousand five hundred (2,500), including any retail, office, hotel, apartment,
condominium, and other commercial or residential uses, and for which any portion was
located in a tourism development zone when certified, that is expected by the
municipality to require a total public and private capital investment of three hundred
million dollars ($300,000,000) or more;
SECTION 3. This act takes effect upon becoming a law, the public welfare requiring it.