SB2633Enacted

Amends TCA Title 7 and Title 67.

Tennessee SB2633 amends the definition of a "qualified public use facility" under the Local Tourism Development Zone Business Tax Act to include mixed-use developments with a performance venue seating at least 2,500. The bill allows municipalities or public authorities that have financed such facilities within tourism development zones to allocate sales tax revenue for authorized purposes under the Convention Center and Tourism Development Financing Act of 1998 and other relevant sales tax laws. Key changes include the expanded definition of qualified facilities and the authorization for revenue use.

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Overview

Tennessee SB2633 amends the definition of a "qualified public use facility" under the Local Tourism Development Zone Business Tax Act to include mixed-use developments with a performance venue seating at least 2,500. The bill allows municipalities or public authorities that have financed such facilities within tourism development zones to allocate sales tax revenue for authorized purposes under the Convention Center and Tourism Development Financing Act of 1998 and other relevant sales tax laws. Key changes include the expanded definition of qualified facilities and the authorization for revenue use.

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Sponsor

Seal, Jessie

Details
Session

114th General Assembly

Introduced

February 2, 2026

Last Action

May 27, 2026

Comp. became Pub. Ch. 1034

Subjects
TaxesTaxes, SalesTaxes, PrivilegeLocal Government, General

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