Taxes, Sales - As enacted, extends the deadline by which a county that borders at least three distressed rural counties must apply to be eligible to retain the sales and use tax generated from a commercial development district from December 31, 2026, to December 31, 2040; extends the deadline for the commissioner of finance and administration to approve a commercial development district from June 30, 2031, to June 30, 2041. - Amends TCA Title 67, Chapter 6.

SB 2453 extends two key deadlines for counties bordering distressed rural counties related to commercial development district tax retention. It moves the deadline for counties to apply to retain sales tax from December 31, 2026, to December 31, 2040, and extends the commissioner’s approval deadline from June 30, 2031, to June 30, 2041. These changes apply specifically to counties seeking to retain tax revenue generated from commercial developments within designated districts. The bill amends Tennessee Code Annotated, Title 67, Chapter 6, to provide longer timelines for these administrative processes.