Taxes, Sales - As enacted, extends the deadline by which a distressed rural county must apply to be eligible to retain the sales and use tax generated from a commercial development district from December 31, 2024, to December 31, 2030. - Amends TCA Title 67, Chapter 6.

This bill extends the deadline for distressed rural counties in Tennessee to apply for retaining sales and use tax revenue generated by commercial development districts. Originally set to expire on December 31, 2024, the new deadline is now December 31, 2030, with a corresponding adjustment to a related June 30, 2025, date to June 30, 2031. The legislation directly affects counties that have been designated as distressed and are seeking to keep tax funds from specific business zones. By amending the state code, the bill provides these counties with additional time to submit their applications under the existing program rules.