Loading chat...
TN HB2455
Bill
Status
2/3/2026
Primary Sponsor
Justin Pearson
Click for details
AI Summary
-
Employers seeking state economic development incentives (FastTrack job training grants, economic development grants, or capital grants) must pay employees working on the incentivized project at least $21.99 per hour, effective July 1, 2026.
-
Starting January 1, 2027, the minimum wage requirement will be adjusted annually based on MIT's living wage calculator for the project's county, using the rate for a household of two adults (one working) and two children.
-
The Commissioner of Economic and Community Development must publish the adjusted wage rate and calculation methodology on the department's website by February 1 each year.
-
Employers who fail to pay the required wage must repay the full amount of the economic development incentive received, with compliance verified through payroll records or documentation.
Legislative Description
AN ACT to amend Tennessee Code Annotated, Title 4 and Title 50, relative to economic development.
Economic and Community Development
Last Action
Taken off notice for cal in s/c Banking and Consumer Affairs Subcommittee of Commerce Committee
3/4/2026