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Nashville Metro CouncilBL2026-1516Passed

This ordinance amends Chapter 5.06 of the Metropolitan Code of Laws to update requirements related to annual reporting for tax increment finance (TIF) loans. It aims to enhance transparency and accountability in the administration of TIF loans by specifying reporting obligations. The bill was passed by the Metropolitan Council with an amendment.

An ordinance amending Chapter 5.06 of the Metropolitan Code of Laws relative to annual reporting for tax increment finance loans.

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+8
12 sponsors
Introduced 8/11/2026Metropolitan CouncilBill
→ Passed 9/15/2026

What it does

  • 1Amends Chapter 5.06 of the Metropolitan Code of Laws concerning tax increment finance loans
  • 2Establishes or modifies annual reporting requirements for TIF loans
  • 3Requires submission of reports to relevant city committees or bodies

This ordinance amends Chapter 5.06 of the Metropolitan Code of Laws to update requirements related to annual reporting for tax increment finance (TIF) loans. It aims to enhance transparency and accountability in the administration of TIF loans by specifying reporting obligations. The bill was passed by the Metropolitan Council with an amendment.

Affects
Metropolitan Government of Nashville and Davidson CountyBudget and Finance CommitteePlanning and Zoning Committee

Activity timeline

2 of 2
  • Amendment filed
    Impact 45

    Amendment filed: Proposed Amendment - BL2026-1516 - Allen

  • New document
    Impact 10

    New amendment: Proposed Amendment - BL2026-1516 - Allen

Legislative history

9/17/2026
Mayor
Referred without comment
9/15/2026
Metropolitan Council
Council Member Allen moved that the bill be passed on third reading, which motion was properly seconded. Council Member Allen moved to suspend the rules of procedure to offer an amendment on third reading. Without objection, Council Member Allen offered Amendment No. 1 and moved that it be adopted, which motion was seconded and approved by a voice vote of the Council. Council Member Allen moved that the bill be passed on third reading as amended, which motion was seconded and approved by the following vote:
9/15/2026
Metropolitan Council
Referred without comment
9/1/2026
Metropolitan Council
The bill was approved by the Budget and Finance Committee and the Planning and Zoning Committee.
8/31/2026
Planning and Zoning Committee
Referred without comment
8/31/2026
Budget and Finance Committee
Referred without comment
8/18/2026
Metropolitan Council
Upon motion duly seconded, the bill passed first reading and will be considered at the next regular meeting. The bill is referred to the Budget and Finance Committee and the Planning and Zoning Committee.
8/11/2026
Metropolitan Council
Referred without comment

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