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SB1672 • 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
Johnson, Boyd
Last action
2026-04-14
Official status
Placed on Senate Finance, Ways, and Means Committee calendar for 4/15/2026
Effective date
Not listed

Plain English Breakdown

The official source material does not provide specific details about Titles 4 through 8 and their relevance to this bill, only mentioning Title 9 and Title 67.

Extending Review Period for Tax Revenue Allocations

This bill extends the review period from 30 to 45 days for approving or declining tax revenue allocations for long-term economic and redevelopment plans.

What This Bill Does

  • Extends the review period for approving or declining tax revenue allocations for economic impact plans, redevelopment plans, and community redevelopment plans from 30 days to 45 days.

Who It Names or Affects

  • The commissioner of economic and community development
  • The comptroller

Terms To Know

Tax increment revenues
Money collected from taxes that is used for specific projects or plans.
Economic impact plan
A plan designed to improve the economy in a certain area by attracting businesses and creating jobs.

Limits and Unknowns

  • The bill does not specify what happens if the review period is missed.
  • It only changes the time limit for reviewing plans, not how decisions are made or who makes them.

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 finances.

  • Establishes a nine-member board with members appointed by the speaker of the senate, the speaker of the house, the governor, and local government 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 amendment text is incomplete, so some details about the board's operations are not provided.
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, including representatives from the state legislature, governor, local government, convention center, and visitors bureau.
  • Sets staggered initial terms for board members, expiring between 2028 and 2030.
  • Allows the governor to appoint one member as chair of the board.
  • Specifies that certain meetings and records related to tourism events and financial information are exempt from public disclosure laws.
  • The exact duties and powers of the board beyond those specified in the amendment are not detailed, making it unclear how extensively the board will operate.

Bill History

  1. 2026-04-14 Tennessee General Assembly

    Placed on Senate Finance, Ways, and Means Committee calendar for 4/15/2026

  2. 2026-04-14 Tennessee General Assembly

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

  3. 2026-04-14 Tennessee General Assembly

    Placed behind the budget

  4. 2026-04-14 Tennessee General Assembly

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

  5. 2026-04-14 Tennessee General Assembly

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

  6. 2026-04-14 Tennessee General Assembly

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

  7. 2026-04-13 Tennessee General Assembly

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

  8. 2026-04-13 Tennessee General Assembly

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

  9. 2026-04-08 Tennessee General Assembly

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

  10. 2026-04-08 Tennessee General Assembly

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

  11. 2026-04-08 Tennessee General Assembly

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

  12. 2026-04-01 Tennessee General Assembly

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

  13. 2026-03-31 Tennessee General Assembly

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

  14. 2026-03-26 Tennessee General Assembly

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

  15. 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

  16. 2026-03-25 Tennessee General Assembly

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

  17. 2026-03-24 Tennessee General Assembly

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

  18. 2026-03-24 Tennessee General Assembly

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

  19. 2026-03-24 Tennessee General Assembly

    Sponsor(s) withdrawn.

  20. 2026-03-24 Tennessee General Assembly

    Sponsor change.

  21. 2026-03-24 Tennessee General Assembly

    Assigned to s/c Cities & Counties Subcommittee

  22. 2026-03-24 Tennessee General Assembly

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

  23. 2026-03-18 Tennessee General Assembly

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

  24. 2026-03-18 Tennessee General Assembly

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

  25. 2026-03-17 Tennessee General Assembly

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

  26. 2026-03-11 Tennessee General Assembly

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

  27. 2026-02-04 Tennessee General Assembly

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

  28. 2026-02-02 Tennessee General Assembly

    Intro., P1C.

  29. 2026-01-23 Tennessee General Assembly

    Filed for introduction

  30. 2026-01-21 Tennessee General Assembly

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

  31. 2026-01-15 Tennessee General Assembly

    Introduced, Passed on First Consideration

  32. 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 
HOUSE BILL 2085
By Boyd

SENATE BILL 1672
By Johnson
SB1672
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.