2025-2026 Regular SessionTennessee Legislature

HB0544: AN ACT to amend Tennessee Code Annotated, Title 4; Title 5; Title 6; Title 7; Title 9; Title 13; Title 48 and Title 67, relative to property tax incentives to encourage economic and community development.

Legislative Summary

As introduced, creates the commercial development board; with respect to new commercial property developed by private entities in certain taxing jurisdictions, authorizes the private entities to enter into agreements for payments in lieu of ad valorem taxes and leases with the commercial development board. - Amends TCA Title 4; Title 5; Title 6; Title 7; Title 9; Title 13; Title 48 and Title 67.

Demographic Impact

Overall analysis of equity impact

60% Positive
Medium ConfidenceView detailed demographic breakdown ↓

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Bill History

1/29/2025
Filed for introduction
House of Representatives
2/3/2025
Intro., P1C.
House of Representatives
2/5/2025
P2C, ref. to State & Local Government Committee
House of Representatives
2/5/2025
Assigned to s/c Cities & Counties Subcommittee
House of Representatives
3/12/2025
Placed on s/c cal Cities & Counties Subcommittee for 3/19/2025
House of Representatives
3/19/2025
Taken off notice for cal in s/c Cities & Counties Subcommittee of State & Local Government Committee
House of Representatives

Status Information

Current Status
Introduced(1/29/2025)
Chamber
House of Representatives

Sponsors

Republican: 1

Documents

Draft
Bill Text1/29/202525.3 KB
Fiscal Note
Fiscal Note3/15/2025185.1 KB