TN SB2633

Municipalities or public authorities receiving sales tax revenue allocations under both Chapter 7-88 and § 67-6-103 may choose to apply those revenues for purposes authorized under either provision

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

Qualifying mixed-use developments must have been located in a tourism development zone when certified and require expected total public and private capital investment of $300 million or more

Takes effect immediately upon becoming law