Taxes, Sales - As enacted, makes revisions to the "Border Region Retail Tourism Development District Act" and the "Regional Retail Tourism Development District Act." - Amends TCA Title 7, Chapter 40 and Title 7, Chapter 41.

This bill amends laws governing retail tourism development districts in Tennessee to clarify how financial incentives are calculated and distributed. It restricts the definition of eligible costs by excluding ongoing management fees, commissions paid to affiliated entities, and lease termination fees for businesses relocating into the district. Additionally, the legislation defines specific conditions under which rent discounts count as direct assistance, limiting these benefits to leases signed before July 1, 2022, and excluding any discounts accruing on or after July 1, 2027. These changes apply to all costs submitted for reimbursement on or after July 1, 2011, and affect businesses and property owners participating in these district programs.