HB2510 • 2026

Taxes, Sales

AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 6, relative to tax revenue.

Taxes

Active

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

Sponsor: Sexton, Bailey
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, Sales

Present law authorizes the creation of commercial development districts in rural, economically distressed counties experiencing persistent high unemployment and traditionally low levels of family income, to apportion and distribute sales and use tax reve nue to address such issues.

What This Bill Does

Present law authorizes the creation of commercial development districts in rural, economically distressed counties experiencing persistent high unemployment and traditionally low levels of family income, to apportion and distribute sales and use tax reve nue to address such issues.
Eligible counties must submit a completed application to the commissioner of finance and administration ("commissioner"), and then may receive an allocation of sales and use tax revenues.
Present law provides that the tax revenue allocation available for properties located in a county that borders at least three distressed, rural counties in at least three fiscal years since FY 2016-2017, and whose governing body passed a resolution or official action prior to January 1, 2021, are available for eligible counties or municipalities that have filed an application with the commissioner between January 1, 2021, and December 31, 2026.
This bill extends that application deadline to December 31, 2 040.

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.

Bill History

2026-05-27 Tennessee General Assembly
Effective date(s) 05/21/2026
2026-05-27 Tennessee General Assembly
Pub. Ch. 1038
2026-05-27 Tennessee General Assembly
Comp. became Pub. Ch. 1038
2026-05-21 Tennessee General Assembly
Signed by Governor.
2026-05-11 Tennessee General Assembly
Transmitted to Governor for his action.
2026-05-05 Tennessee General Assembly
Signed by Senate Speaker
2026-04-30 Tennessee General Assembly
Signed by H. Speaker
2026-04-28 Tennessee General Assembly
Enrolled; ready for sig. of H. Speaker.
2026-04-22 Tennessee General Assembly
Passed Senate, Ayes 32, Nays 0
2026-04-22 Tennessee General Assembly
Senate substituted House Bill for companion Senate Bill.
2026-04-22 Tennessee General Assembly
Received from House, Passed on First Consideration
2026-04-22 Tennessee General Assembly
Companion House Bill substituted
2026-04-21 Tennessee General Assembly
Engrossed; ready for transmission to Sen.
2026-04-21 Tennessee General Assembly
Passed H., Ayes 81, Nays 0, PNV 0
2026-04-21 Tennessee General Assembly
Placed on Senate Consent Calendar 2 for 4/22/2026
2026-04-20 Tennessee General Assembly
Sponsor(s) Added.
2026-04-20 Tennessee General Assembly
Recommended for passage, refer to Senate Calendar Committee
2026-04-16 Tennessee General Assembly
Placed on Senate Finance, Ways, and Means Committee calendar for 4/20/2026
2026-04-14 Tennessee General Assembly
H. Placed on Regular Calendar for 4/16/2026
2026-04-14 Tennessee General Assembly
Placed on cal. Calendar & Rules Committee for 4/14/2026
2026-04-14 Tennessee General Assembly
Rec. for pass; ref to Calendar & Rules Committee
2026-04-14 Tennessee General Assembly
Placed on Senate Finance, Ways, and Means Committee calendar for 4/21/2026
2026-04-08 Tennessee General Assembly
Placed on cal. Finance, Ways, and Means Committee for 4/14/2026
2026-03-17 Tennessee General Assembly
Reset on Final cal. of Finance, Ways, and Means Committee
2026-03-17 Tennessee General Assembly
Refer to Senate F,W&M Committee w/ negative recommendation
2026-03-11 Tennessee General Assembly
Placed on cal. Finance, Ways, and Means Committee for 3/17/2026
2026-03-11 Tennessee General Assembly
Rec. for pass by s/c ref. to Finance, Ways, and Means Committee
2026-03-10 Tennessee General Assembly
Placed on Senate FW&M Revenue Subcommittee calendar for 3/17/2026
2026-03-09 Tennessee General Assembly
Placed on s/c cal Finance, Ways, and Means Subcommittee for 3/11/2026
2026-03-04 Tennessee General Assembly
Placed behind the budget
2026-03-02 Tennessee General Assembly
Sponsor(s) Added.
2026-02-25 Tennessee General Assembly
Placed on s/c cal Finance, Ways, and Means Subcommittee for 3/4/2026
2026-02-24 Tennessee General Assembly
Refer to Senate F,W&M Revenue Subcommittee
2026-02-18 Tennessee General Assembly
Assigned to s/c Finance, Ways, and Means Subcommittee
2026-02-18 Tennessee General Assembly
Ref. to Finance, Ways, and Means Committee
2026-02-05 Tennessee General Assembly
P2C, caption bill, held on desk - pending amdt.
2026-02-05 Tennessee General Assembly
Passed on Second Consideration, refer to Senate Finance, Ways, and Means Committee
2026-02-04 Tennessee General Assembly
Intro., P1C.
2026-02-03 Tennessee General Assembly
Filed for introduction
2026-02-02 Tennessee General Assembly
Introduced, Passed on First Consideration
2026-02-02 Tennessee General Assembly
Filed for introduction

Official Summary Text

Present law authorizes the creation of commercial development districts in rural, economically distressed counties experiencing persistent high unemployment and traditionally low levels of family income, to apportion and distribute sales and use tax reve
nue to address such issues. Eligible counties must submit a completed application to the commissioner of finance and administration ("commissioner"), and then may receive an allocation of sales and use tax revenues.

Present law provides that the tax
revenue allocation
available for properties located in a county that borders at least three distressed, rural counties in at least three fiscal years since FY 2016-2017, and whose governing body passed a resolution or official action prior to January 1, 2021, are available
for eligible counties or municipalities that have filed an application with the commissioner between January 1, 2021, and December 31, 2026. This bill extends that application deadline to December 31, 2
040.

Present law provides that
tax revenue allocation available pursuant to this
allocation program
applies to eligible counties or municipalities located in such eligible counties, or industrial development corporations established by such eligible counties or municipalities, that
have received the approval of a commercial development district from the commissioner on or before June 30, 2031. This bill extends that deadline to June 30, 2041.

Current Bill Text

Read the full stored bill text

SENATE BILL 2453
By Bailey

HOUSE BILL 2510
By Sexton
HB2510
010224
- 1 -

AN ACT to amend Tennessee Code Annotated, Title 67,
Chapter 6, relative to tax revenue.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. Tennessee Code Annotated, Section 67-6-104(m)(1)(C), is amended by
deleting the language "December 31, 2026" and substituting instead the language "December
31, 2040".
SECTION 2. Tennessee Code Annotated, Section 67-6-104(m)(2), is amended by
deleting the language "June 30, 2031" and substituting instead the language "June 30, 2041".
SECTION 3. This act takes effect upon becoming a law, the public welfare requiring it.