Amends TCA Title 67, Chapter 6.
Tennessee HB2510 amends TCA Title 67, Chapter 6, by extending the deadlines for counties bordering at least three distressed rural counties to apply for retention of sales and use tax from commercial development districts. The application deadline is moved from December 31, 2026, to December 31, 2040, and the approval deadline for the commissioner of finance and administration is extended from June 30, 2031, to June 30, 2041. This bill primarily affects counties in Tennessee that meet the specified geographic criteria and are involved in commercial development initiatives.
Tennessee HB2510 amends TCA Title 67, Chapter 6, by extending the deadlines for counties bordering at least three distressed rural counties to apply for retention of sales and use tax from commercial development districts. The application deadline is moved from December 31, 2026, to December 31, 2040, and the approval deadline for the commissioner of finance and administration is extended from June 30, 2031, to June 30, 2041. This bill primarily affects counties in Tennessee that meet the specified geographic criteria and are involved in commercial development initiatives.
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