Economic and Community Development - As introduced, increases, from 30 to 45, the number of days within the end of a fiscal year, for which a municipality is requesting an allocation of sales and use taxes revenues, that a municipality may submit a summary of the cost of an economic development project through to the end of that fiscal year, with supporting documentation certified by the chief financial officer of the municipality. - Amends TCA Title 7, Chapter 40.

SB 815 extends the deadline for Tennessee municipalities to submit cost summaries for economic development projects from 30 to 45 days before the end of the fiscal year. This change applies specifically to requests for allocations of sales and use tax revenues, requiring municipalities to provide these summaries with supporting documentation certified by their chief financial officer. The bill amends Tennessee Code Annotated, Title 7, Chapter 40, Section 7-40-104(c)(1), to implement this extension. It directly affects local governments managing tourism or retail development projects funded through these tax allocations.