Amends TCA Title 3; Title 4; Title 8 and Title 9.

Present law requires fiscal notes to be provided for all general bills or resolutions increasing or decreasing state or local revenues, making sum-sufficient appropriations, or increasing or decreasing existing appropriations or the fiscal liability of the state or of the local governments of the state. The fiscal note must include the following:<br /> <br /> (1) If possible, an estimate in dollars of the anticipated change in revenue, expenditures, or fiscal liability under the provisions of the bill or resolution;<br /> <br /> (2) A statement as to the immediate effect and, if determinable or reasonably foreseeable, the long-range effect of the measure. If, after careful investigation, it is determined that no dollar estimate is possible, the note must contain a statement to that effect, setting forth the reasons why no dollar estimate can be given. The fiscal note statement must include an explanation of the basis or reasoning on which the estimate is founded, including any assumptions involved; and<br /> <br /> (3) A statement as to the immediate effect and, if determinable or reasonably foreseeable, the long-range effect on commerce and jobs in this state. Such impact to commerce statement must include, if possible, an estimate in dollars of the anticipated change in costs or savings to commerce under the bill or resolution. Impact to commerce statements are required for general bills or resolutions referred to the commerce committee of the house of representatives, the insurance committee of the house of representatives, and the commerce and labor committee of the senate.<br /> <br /> This bill requires the fiscal note to also include a statement that provides a data analysis outlining the potential effects of the general bill, resolution, or amendment on increasing or decreasing racial disparities in this state using available data ("Tennessee racial impact statement") in accordance with the following:<br /> <br /> (1) Within 24 hours following a standing committee or subcommittee of either house placing a general bill or resolution on the committee's or subcommittee's calendar for action, a member of the general assembly may submit a request by email to the executive director requesting that a Tennessee racial impact statement be prepared by the fiscal review committee for inclusion in the fiscal note on the bill or resolution;<br /> <br /> (2) A sponsor of an amendment to a pending measure on which a fiscal note is required may, at the time of requesting a fiscal note on the amendment, request a Tennessee racial impact statement for inclusion in the fiscal note;<br /> <br /> (3) Prior to a standing committee or subcommittee of either house commencing a hearing to consider the committee's or subcommittee's calendar, a member of the committee or subcommittee may, with regard to an amendment that has been filed with the committee or subcommittee for a bill or resolution on the calendar, submit a request by email to the executive director requesting that a Tennessee racial impact statement for inclusion in the fiscal note on the amendment;<br /> <br /> (4) Prior to either house convening a floor session to consider a regular or message calendar, a member of the general assembly may, with regard to an amendment that is filed with the chief clerk of the respective house to a bill or resolution on the calendar, submit a request by email to the executive director requesting that a Tennessee racial impact statement for inclusion in the fiscal note on the amendment; and <br /> <br /> (5) Each state department, agency, board, or commission must provide information to the executive director or fiscal review committee staff upon request regarding preparation of a Tennessee racial impact statement.<br />