Economic and Community Development - As introduced, enacts the "Hollyssee Act." - Amends TCA Title 4, Chapter 3 and Title 64.

HB 1290, known as the "Hollyssee Act," directs Tennessee's Department of Economic and Community Development to establish a world-class megasite for arts, entertainment, and media. The bill requires the department to identify a location, develop a master plan with community input, build facilities like film soundstages and performance venues, and create workforce training programs in partnership with schools. It also mandates offering tax incentives to businesses, providing grants for projects, and creating a governing authority (the Tennessee Arts, Entertainment, and Media Megasite Authority) to oversee the site. The legislation requests $250 million in state funding for initial development, primarily affecting the state agency, local communities, and the arts/entertainment industry.