Public Funds and Financing - As enacted, creates the joint capital tourism board; makes other related changes. - Amends TCA Title 4; Title 5; Title 6; Title 7; Title 8; Title 9 and Title 67.

SB 1672 extends the deadline for state officials to review and approve long-term tax increment revenue allocations from 30 to 45 days. It specifically applies to allocations for economic impact plans (with terms exceeding 20 years) and redevelopment/community redevelopment plans (with terms exceeding 30 years). The bill amends Tennessee law to change the timeframe for the commissioner of economic and community development and the comptroller to make written determinations on these allocations. This procedural adjustment provides additional time for administrative review without altering the policy substance or requirements.