All Roll Calls
Yes: 273 • No: 6
TennesseeHB 1306114th General Assembly (2025-2026)House
AN ACT to amend Tennessee Code Annotated, Title 7, Chapter 53; Title 9, Chapter 21 and Title 9, Chapter 23, relative to economic development.
Sponsored By: Sponsor information unavailable
Signed by Governor
Economic and Community Development
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Bill Overview
Analyzed Economic Effects
5 provisions identified: 3 benefits, 0 costs, 2 mixed.
Local infrastructure qualifies; plan approvals get simpler
Public infrastructure inside the municipality that created an economic development corporation now qualifies for its projects. Local governing bodies can approve economic impact plan amendments before corporation approval, which makes the amendments effective without another public hearing. Minor amendments that clarify terms or fix errors also take effect upon corporation approval. When local approval comes first, the law does not require repeat local approval. The law took effect when it became law and creates no direct household payment or service entitlement.
Local debt gains tax-backed financing option
The law recognizes a category of local debt paid or secured only by tax increment revenues set aside for development. Private parties can still provide guarantees or other security. This changes local financing rules without directly requiring households to pay money.
More housing qualifies for local development support
Tennessee economic development corporations can support rental apartments, single-family homes, condos, and townhouses, including affordable and workforce housing. The housing must serve low- or moderate-income, older, or disabled people, partly or fully. The corporation's board makes the final decision on whether this occupancy requirement is met. Qualifying apartment buildings are also exempt from the restriction referenced in section 7-53-302(a)(4). These changes do not guarantee anyone a home or subsidy.
Brownfield plans gain solar and tax options
Brownfield redevelopment plans can include solar power facilities. The economic development corporation must be in the project's municipality, which must approve the plan. Plans can direct any combination and amount of area real-property, personal-property, and sales taxes toward allowed redevelopment purposes. This includes sales taxes on construction and related development work, subject to the applicable tax distribution rules. These options support redevelopment but direct revenue away from other local uses; they do not change household tax rates.
Housing plans gain more local tax funding
Qualifying apartment, single-family, condo, and townhouse plans can direct all participating agencies' taxes covered by the plan to the development-financing agency. Housing must serve low- or moderate-income, older, or disabled people, partly or fully, as that agency's board determines. Dedicated tax amounts can stay fixed for the plan's full term. Plans can set those amounts at agency approval or the first tax allocation. This supports housing financing but directs that revenue away from other local uses; it does not lower household tax bills.
Sponsors & Cosponsors
Sponsors
There is no primary sponsor on record.
Cosponsors
Rush Bricken
Republican • House
Mark Cochran
Republican • House
Rick Scarbrough
Republican • House
Ryan Williams
Republican • House
Roll Call Votes
Senate vote • 4/15/2025
FLOOR VOTE: Third Consideration 4/15/2025
Yes: 28 • No: 1
House vote • 4/14/2025
FLOOR VOTE: REGULAR CALENDAR AS AMENDED PASSAGE ON THIRD CONSIDERATION 4/14/2025
Yes: 86 • No: 5
House vote • 4/14/2025
FLOOR VOTE: REGULAR CALENDAR MOTION TO ADOPT AMENDMENT # 3 BY LAMBERTH PASSAGE ON THIRD CONSIDERATION 4/14/2025
Yes: 92 • No: 0
House vote • 4/14/2025
HOUSE CALENDAR & RULES COMMITTEE
Yes: 0 • No: 0
House vote • 4/8/2025
HOUSE FINANCE, WAYS, AND MEANS COMMITTEE
Yes: 28 • No: 0
House vote • 4/2/2025
HOUSE FINANCE, WAYS, AND MEANS SUBCOMMITTEE
Yes: 10 • No: 0
House vote • 3/19/2025
HOUSE STATE & LOCAL GOVERNMENT COMMITTEE
Yes: 22 • No: 0
House vote • 3/5/2025
HOUSE CITIES & COUNTIES SUBCOMMITTEE
Yes: 7 • No: 0
Bill Text
HA0134
4/14/2025
HA0343
4/14/2025
HA0413
4/14/2025
Enrolled / Public Chapter
Fiscal Note
Introduced
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