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SB0815 • 2026

Economic and Community Development

AN ACT to amend Tennessee Code Annotated, Title 7, Chapter 40, relative to the development of retail and other public tourism facilities.

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Active

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

Sponsor
Gardenhire, Helton-Haynes
Last action
2026-04-14
Official status
Senate Reset on calendar for 4/20/2026
Effective date
Not listed

Plain English Breakdown

The candidate explanation included details that were not directly supported by the provided official source material.

Changing Deadline for Economic Development Project Reports

This bill changes the deadline from 30 to 45 days at the end of a fiscal year for municipalities to submit reports on economic development project costs and supporting documentation.

What This Bill Does

  • Changes the number of days a municipality has to send a report about an economic development project's cost, along with supporting documents certified by the chief financial officer, from 30 to 45 days before the fiscal year ends.

Who It Names or Affects

  • Municipalities in Tennessee that are requesting an allocation of sales and use taxes revenues for economic development projects and need to report costs.

Terms To Know

Fiscal Year
A period of one year used for budgeting and financial reporting by governments, usually starting July 1st and ending June 30th.
Chief Financial Officer (CFO)
The person in charge of a city's finances who makes sure all money matters are handled correctly.

Limits and Unknowns

  • Does not specify what happens if the report is submitted after the new deadline.
  • Only affects municipalities that have economic development projects requiring such reports and requesting an allocation of sales and use taxes revenues.
  • Does not change other parts of the law related to economic development or tourism facilities.

Amendments

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

Amendment 1-0 to HB0725

Plain English: The amendment changes specific time periods in Tennessee's economic development laws and adds new requirements for financial assistance to private projects.

  • Changes 'thirty-five-year' references to 'time' in several sections of the law.
  • Adds a requirement that private developers must invest at least $2 million in their projects starting July 1, 2026.
  • Modifies how sales and use tax is allocated for economic development projects over specific time periods.
  • The amendment text does not provide clear details on the exact nature of 'time' mentioned instead of 'thirty-five-year'.
  • Some sections are amended but do not specify what changes exactly, making it hard to understand their full impact without additional context.
Amendment 1-0 to SB0815

Plain English: The amendment sets a specific deadline of May 1, 2027 for completing certain economic development and tourism projects in cities with specific population ranges within counties that meet certain population criteria.

  • Adds a new section to Tennessee Code Annotated, Title 7, Chapter 40, setting a completion deadline of May 1, 2027 for economic development and extraordinary retail or tourism facility projects in specified cities.
  • The amendment text does not specify the exact impact on cities that do not meet the population criteria.
  • It is unclear how this new section will interact with existing deadlines for these types of projects.
Amendment 2-0 to SB0815

Plain English: The amendment changes the deadline for investment periods for certain projects in specific cities based on population size.

  • Projects in cities with a population between 27,140 and 27,150 or between 55,440 and 55,450 that are located in counties with a population of 158,100 to 158,200 must complete their investment period by May 1, 2027.
  • The amendment only applies to specific cities and counties based on precise population ranges from the 2020 federal census or any subsequent census.
  • It is unclear how many cities and counties meet these exact criteria.

Bill History

  1. 2026-04-14 Tennessee General Assembly

    Senate Reset on calendar for 4/20/2026

  2. 2026-04-10 Tennessee General Assembly

    Placed on Senate Regular Calendar for 4/14/2026

  3. 2026-04-08 Tennessee General Assembly

    Placed on cal. Finance, Ways, and Means Committee for 4/14/2026

  4. 2026-04-08 Tennessee General Assembly

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

  5. 2026-04-01 Tennessee General Assembly

    Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/8/2026

  6. 2026-04-01 Tennessee General Assembly

    Action Def. in s/c Finance, Ways, and Means Subcommittee to 4/8/2026

  7. 2026-03-31 Tennessee General Assembly

    Recommended for passage with amendment/s, refer to Senate Calendar Committee Ayes 8, Nays 0 PNV 0

  8. 2026-03-30 Tennessee General Assembly

    Placed on Senate State and Local Government Committee calendar for 3/31/2026

  9. 2026-03-30 Tennessee General Assembly

    Rule #83(8) Suspended, to be heard in Senate State & Local Gov't Committee on 3/31/2026

  10. 2026-03-25 Tennessee General Assembly

    Assigned to General Subcommittee of Senate State and Local Government Committee

  11. 2026-03-25 Tennessee General Assembly

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

  12. 2026-03-25 Tennessee General Assembly

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

  13. 2026-03-24 Tennessee General Assembly

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

  14. 2026-03-24 Tennessee General Assembly

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

  15. 2026-03-24 Tennessee General Assembly

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

  16. 2026-03-24 Tennessee General Assembly

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

  17. 2026-03-18 Tennessee General Assembly

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

  18. 2026-03-18 Tennessee General Assembly

    Placed on cal. State & Local Government Committee for 3/24/2026

  19. 2026-03-18 Tennessee General Assembly

    Action def. in State & Local Government Committee to 3/24/2026

  20. 2026-03-17 Tennessee General Assembly

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

  21. 2026-03-11 Tennessee General Assembly

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

  22. 2026-03-11 Tennessee General Assembly

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

  23. 2026-03-11 Tennessee General Assembly

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

  24. 2026-03-10 Tennessee General Assembly

    Action deferred in Senate State and Local Government Committee to 3/17/2026

  25. 2026-03-04 Tennessee General Assembly

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

  26. 2026-03-03 Tennessee General Assembly

    Placed on Senate State and Local Government Committee calendar for 3/10/2026

  27. 2026-03-03 Tennessee General Assembly

    Action deferred in Senate State and Local Government Committee to 3/10/2026

  28. 2026-02-24 Tennessee General Assembly

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

  29. 2025-03-11 Tennessee General Assembly

    Assigned to s/c Cities & Counties Subcommittee

  30. 2025-03-11 Tennessee General Assembly

    Ref. to State & Local Government Committee

  31. 2025-02-12 Tennessee General Assembly

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

  32. 2025-02-10 Tennessee General Assembly

    Introduced, Passed on First Consideration

  33. 2025-02-06 Tennessee General Assembly

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

  34. 2025-02-05 Tennessee General Assembly

    Intro., P1C.

  35. 2025-02-04 Tennessee General Assembly

    Filed for introduction

  36. 2025-02-03 Tennessee General Assembly

    Filed for introduction

Official Summary Text

Abstract summarizes the bill.

Current Bill Text

Read the full stored bill text 
HOUSE BILL 725
By Helton-Haynes

SENATE BILL 815
By Gardenhire

SB0815
002758
- 1 -

AN ACT to amend Tennessee Code Annotated, Title 7,
Chapter 40, relative to the development of retail
and other public tourism facilities.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. Tennessee Code Annotated, Section 7-40-104(c)(1), is amended by
deleting "thirty (30) days" and substituting "forty-five (45) days".
SECTION 2. This act takes effect upon becoming a law, the public welfare requiring it.