Tennessee legislation · 114th General Assembly
Tennessee HB2510: AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 6, relative to tax revenue.
Status: Chaptered, May 27, 2026
Fiscal Summary OTHER FISCAL IMPACT Additional allocations of state and local sales tax revenue generated from within a commercial development district may be made to the respective local government entities. However, the extent and timing of any such additional allocations cannot be estimated with reasonable certainty. Bill Summary 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 revenue 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, 2040. 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.
What the bill says
An act to amend Tennessee Code Annotated, Title 67, Chapter 6, relative to tax revenue.
From the introduced text:
AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 6, relative to tax revenue. 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. HB2510
Sponsors
- Sexton, CameronSpeaker (R, 25) · primary sponsor
- Darby, Tandy (R, 76)
Latest actions
- : Effective date(s) 05/21/2026
- : Pub. Ch. 1038
- : Signed by Governor.
- : Transmitted to Governor for his action.
- : Signed by Senate Speaker
- : Signed by H. Speaker
- : Enrolled; ready for sig. of H. Speaker.
- : Passed Senate, Ayes 32, Nays 0
- : Senate substituted House Bill for companion Senate Bill.
- : Received from House, Passed on First Consideration
Votes
- FLOOR VOTE: Motion to Adopt (April 22, 2026): 32 yea, 0 nay, passed
- FLOOR VOTE: REGULAR CALENDAR PASSAGE ON THIRD CONSIDERATION (April 21, 2026): 81 yea, 0 nay, passed
- SENATE FINANCE, WAYS AND MEANS COMMITTEE: Recommended for passage, refer to Senate Calendar Committee (April 20, 2026): 11 yea, 0 nay, passed
- HOUSE FINANCE, WAYS, AND MEANS COMMITTEE: Rec. for pass; ref to Calendar & Rules Committee (April 14, 2026): 25 yea, 0 nay, passed
- HOUSE FINANCE, WAYS, AND MEANS SUBCOMMITTEE: Rec. for pass by s/c ref. to Finance, Ways, and Means Committee (March 11, 2026): 9 yea, 0 nay, passed
Subjects: Archives, Publications, My Bills
Common questions
- What is HB2510?
- HB2510 is a bill in the Tennessee Legislature (114th General Assembly): AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 6, relative to tax revenue.
- What does HB2510 do?
- In its own words: An act to amend Tennessee Code Annotated, Title 67, Chapter 6, relative to tax revenue.
- What is the status of HB2510?
- Chaptered as of May 27, 2026. Latest action: Effective date(s) 05/21/2026 (May 27, 2026).
- Who sponsored HB2510?
- Sexton, CameronSpeaker (R, 25), with 1 co-sponsor.
- Where is the official record for HB2510?
- On the Tennessee Legislature website: https://wapp.capitol.tn.gov/apps/BillInfo/Default?BillNumber=HB2510&GA=114
Source: official Tennessee record. Tracked by Delilah, AI for legislation across all 50 states and Congress.