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HB 2085

Public Funds and Financing - As introduced, extends from 30 to 45 days, the period within which the commissioner of economic and community development and the comptroller must make a written determination approving or declining an allocation of tax increment revenues for a period longer than 20 years in the case of an economic impact plan, or 30 years in the case of a redevelopment plan or community redevelopment plan. - Amends TCA Title 4; Title 5; Title 6; Title 7; Title 8; Title 9 and Title 67.

114th Regular Session (2025-2026) Introduced by Clark Boyd and 1 co-sponsor

HB 2085 extends Tennessee's tax increment revenue approval period from 30 to 45 days for long-term economic development and redevelopment plans.

H. Placed on Regular Calendar for 4/20/2026
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Bill Summary · HB 2085

Legislative bill overview

HB 2085 extends the review period for long-term tax increment revenue allocations from 30 to 45 days. The bill applies to both economic impact plans (exceeding 20 years) and redevelopment/community redevelopment plans (exceeding 30 years), requiring the commissioner of economic and community development and the comptroller to complete their written determinations within this expanded timeframe.

Why is this important

Tax increment financing (TIF) is a major economic development tool where future tax revenues from increased property values are dedicated to fund improvements in designated areas. The extended review period directly affects development project timelines and financing certainty—longer approval windows can delay project launches, increase costs, or create uncertainty for developers and municipalities planning major economic initiatives.

Potential points of contention

  • Bureaucratic efficiency vs. thoroughness: The 50% time extension may provide needed scrutiny for complex long-term commitments, but could frustrate developers and municipalities seeking faster project approval
  • Economic competitiveness: Longer approval periods might disadvantage Tennessee communities competing with other states offering faster TIF review processes
  • Scope of amendments: The bill amends seven separate Tennessee Code Annotated titles, suggesting broad regulatory changes whose full implications may not be immediately apparent without detailed review of each section

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

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