Taxes, Sales - As enacted, extends the deadline by which a county that borders at least three distressed rural counties must apply to be eligible to retain the sales and use tax generated from a commercial development district from December 31, 2026, to December 31, 2040; extends the deadline for the commissioner of finance and administration to approve a commercial development district from June 30, 2031, to June 30, 2041. - Amends TCA Title 67, Chapter 6.

Summary

HB 2510 changes Tennessee law to push back two key dates. Counties that border at least three distressed rural counties now have until December 31, 2040 to apply to retain sales and use tax revenue from a commercial development district, and the commissioner of finance and administration must approve such districts by June 30, 2041. The bill updates the statutes in Title 67, Chapter 6 and is now law.

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