TN HB2496

Municipalities or public authorities receiving sales tax revenue allocations under both Chapter 7-88 and § 67-6-103 may choose which statutory purpose to apply those revenues toward

Expands the definition of qualifying mixed-use developments to include properties with either a sports facility containing 10 or more sports fields OR a performance venue with seating capacity of at least 2,500

Mixed-use developments must include any portion located in a tourism development zone when certified and require total public and private capital investment of $300,000,000 or more

Takes effect immediately upon becoming law