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HB 672

Industrial Development - As enacted, redefines "remediation site" to include a 501(c)(3) nonprofit entity whose main purpose is to promote industrial development and new nuclear development upon dissolution of the existing nonprofit entity. - Amends TCA Title 7, Chapter 53, Part 3.

114th Regular Session (2025-2026) Introduced by Rick Scarbrough

Tennessee redefines remediation sites to include nonprofits promoting industrial/nuclear development, enabling successors to claim associated tax incentives and protections.

Comp. became Pub. Ch. 379
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Bill Summary · HB 672

Legislative bill overview

HB 672 modifies Tennessee's definition of "remediation site" under industrial development law to include 501(c)(3) nonprofit organizations whose primary mission is promoting industrial and nuclear development. The bill takes effect upon the dissolution of an existing nonprofit entity, effectively allowing a successor nonprofit to assume remediation site status and associated benefits.

Why is this important

This change could affect tax incentives, liability protections, and development privileges tied to remediation site designations in Tennessee. It specifically opens pathways for nuclear development projects to access these industrial development benefits, which has significant implications for energy policy and economic development strategy in the state.

Potential points of contention

  • Nuclear development incentives: The explicit inclusion of nuclear development promotion may signal state support for nuclear facilities, which carries public debate around safety, waste storage, and environmental concerns
  • Nonprofit accountability: Redefining remediation sites to include nonprofits raises questions about oversight, mission drift, and whether tax-exempt organizations should receive industrial development benefits tied to site remediation
  • Successor entity concerns: The provision allowing benefits to transfer upon dissolution of an existing nonprofit creates potential for regulatory gaps or circumvention of original nonprofit restrictions and purposes

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

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