TN HB1396

Establishes the "Guaranteed Basic Income Act" (also called "Protection Against Automation Act") requiring the Department of Human Services to implement an annual guaranteed basic income program beginning in 2026

Provides $3,000 per year to eligible residents, payable as monthly or semi-monthly stipends, with annual reapplication required

Eligibility limited to Tennessee residents age 18+ who possess a valid Tennessee driver license or photo ID and have been full-time state residents for at least one year

Creates a dedicated guaranteed basic income fund as a separate account in the general fund, funded by legislative appropriations, gifts, grants, donations, and potentially allocated tax revenues

Fund balances carry forward year-to-year without reverting to the general fund, with the state treasurer investing fund moneys for the fund's benefit