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SB 815

Economic and Community Development - As introduced, increases, from 30 to 45, the number of days within the end of a fiscal year, for which a municipality is requesting an allocation of sales and use taxes revenues, that a municipality may submit a summary of the cost of an economic development project through to the end of that fiscal year, with supporting documentation certified by the chief financial officer of the municipality. - Amends TCA Title 7, Chapter 40.

114th Regular Session (2025-2026) Introduced by Todd Gardenhire

Tennessee extends municipal deadline for submitting economic development project cost summaries from 30 to 45 days for sales tax revenue allocation requests.

Placed on Senate Regular Calendar for 4/22/2026
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Bill Summary · SB 815

Legislative bill overview

SB 815 extends the deadline for Tennessee municipalities to submit economic development project cost summaries from 30 days to 45 days at the end of a fiscal year when requesting sales and use tax revenue allocations. The submission must include supporting documentation certified by the municipality's chief financial officer.

Why is this important

This change affects how municipalities access state sales tax revenues designated for economic development initiatives. The extended timeline gives local governments more time to compile and verify financial documentation, potentially reducing administrative pressure and errors during fiscal year closeouts.

Potential points of contention

  • Administrative burden vs. efficiency: Critics may argue that municipalities should already have documentation ready, while supporters contend that 15 additional days reduces errors and rushed submissions
  • Revenue timing: The longer submission window could delay state processing of allocations, affecting municipal cash flow and project timelines
  • Consistency and accountability: Questions about whether extended deadlines create unequal treatment among municipalities or complicate state-level budget reconciliation processes

Compiled from official sources — confirm details with the bill’s official record.

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