Amends TCA Title 4; Title 5; Title 6; Title 7; Title 8; Title 9 and Title 67.

Tennessee SB1672 amends various sections of the Tennessee Code Annotated to extend the period from 30 to 45 days for the commissioner of economic and community development and the comptroller to make a written determination on the approval or decline of tax increment revenue allocations for economic impact plans exceeding 20 years, or redevelopment plans exceeding 30 years. This bill primarily affects the timelines for local governments and developers seeking tax increment financing for long-term projects. The key change is the extension of the review period, allowing more time for decision-making on significant economic and redevelopment initiatives.