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

Tennessee SB1271 amends various sections of the Tennessee Code Annotated related to industrial development corporations by expanding the definition of "projects" to include affordable and workforce housing, as well as single-family and public infrastructure developments. It affects industrial development corporations and municipalities by modifying the approval process for economic impact plans, allowing for minor amendments without additional public hearings, and clarifying property tax allocations. Key provisions include the addition of affordable housing definitions, changes to the acquisition powers of corporations, and the removal of solar facility redevelopment from brownfield site provisions.