Amends TCA Title 7, Chapter 53; Title 9, Chapter 21 and Title 9, Chapter 23.

Tennessee HB1306 amends various sections of the Tennessee Code Annotated related to industrial development corporations, expanding the definition of "project" to include affordable and workforce housing, as well as single-family and public infrastructure developments. The bill affects industrial development corporations and their ability to undertake projects that benefit low to moderate-income individuals, the elderly, and handicapped persons. Key provisions include the clarification of housing definitions, the addition of new project types, and modifications to the economic impact plan approval process, including provisions for minor amendments without additional public hearings.