Industrial Development - As introduced, removes restriction prohibiting county officers from serving on industrial development corporation boards; adds county assessor of property and county trustee as members of such boards. - Amends TCA Title 7, Chapter 53.

HB 993 amends Tennessee law to change the composition of industrial development corporation boards. It removes a restriction preventing county officers from serving on these boards and requires the county assessor of property and county trustee to be added as ex-officio, non-voting members. This change directly affects county officials who will now automatically serve on these boards, aligning their membership with their elected terms. The bill does not alter the corporations' economic development functions but specifies who must be included on their governing boards. The amendment takes effect July 1, 2025.