Industrial Development - As enacted, redefines "remediation site" to include a 501(c)(3) nonprofit entity whose main purpose is to promote industrial development and new nuclear development upon dissolution of the existing nonprofit entity. - Amends TCA Title 7, Chapter 53, Part 3.

SB 758 amends Tennessee law to require that when a nonprofit industrial development corporation dissolves, its land (acreage) must be transferred to a 501(c)(3) nonprofit organization focused on promoting industrial development and new nuclear development. This change directly affects dissolved industrial development corporations and specifies the recipient nonprofit for their land transfers. The bill modifies Section 7-53-317(a)(2) of Tennessee Code to replace prior transfer rules with this new requirement. The policy change, effective May 5, 2025, ensures land from dissolved industrial development entities supports ongoing industrial and nuclear development initiatives.