Amends TCA Title 7, Chapter 40.
Tennessee HB0725 amends TCA Title 7, Chapter 40 by increasing the timeframe for municipalities to submit a summary of the costs associated with an economic development project from 30 days to 45 days after the end of a fiscal year. This change affects municipalities seeking allocations of sales and use tax revenues. Key provisions include the requirement for supporting documentation to be certified by the municipality's chief financial officer.
Tennessee HB0725 amends TCA Title 7, Chapter 40 by increasing the timeframe for municipalities to submit a summary of the costs associated with an economic development project from 30 days to 45 days after the end of a fiscal year. This change affects municipalities seeking allocations of sales and use tax revenues. Key provisions include the requirement for supporting documentation to be certified by the municipality's chief financial officer.
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Helton-Haynes, Esther
114th General Assembly
February 3, 2025
April 16, 2026
Placed on cal. Finance, Ways, and Means Committee for 4/20/2026