Tennessee · 114th Regular Session (2025-2026) · Bill

SB 2505: Economic and Community Development - As introduced, creates a condition of eligibility for certain economic development incentives that employers certify that they pay employees working on the development project for which the incentive was granted at least $21.99 an hour beginning July 1, 2026, with annual adjustments thereafter by the commissioner of economic and community development based on the MIT living wage calculator; allows for recovering from employers found to be in violation of such wage requirements the incentives already provided. - Amends TCA Title 4 and Title 50.

In committee Last action March 3, 2026: Assigned to General Subcommittee of Senate Commerce and Labor Committee

Plain-language summary

SB 2505 is a bill introduced in the Tennessee Senate on February 2, 2026. According to its official title, it concerns: Economic and Community Development - As introduced, creates a condition of eligibility for certain economic development incentives that employers certify that they pay employees working on the development project for which the incentive was granted at least $21.99 an hour beginning July 1, 2026, with annual adjustments thereafter by the commissioner of economic and community development based on the MIT living wage calculator; allows for recovering from employers found to be in violation of such wage requirements the incentives already provided. - Amends TCA Title 4 and Title 50. Primary sponsor: Charlane Oliver (Democratic). Most recent recorded action (March 3, 2026): Assigned to General Subcommittee of Senate Commerce and Labor Committee.

Sponsors

Primary sponsor: Charlane Oliver (Democratic).