Culture and Arts - As enacted, requires the Tennessee film, entertainment and music commission, or a subcontracted nonprofit organization, to provide grants to eligible live music and performance venues, performers, and promoters to be used to support live music performances, performers, promoters, and the operational, promotional, or capital expenditures of live music and performance venues. - Amends TCA Title 3; Title 4; Title 5; Title 6; Title 7; Title 9; Title 12; Title 13; Title 57; Title 62; Title 66; Title 67 and Title 68.

This bill requires the Tennessee Film, Entertainment, and Music Commission to distribute grants to live music venues, performers, and promoters to support their operations and events. The funds are intended to cover costs related to running venues, promoting shows, and capital improvements. Additionally, the legislation mandates a report to state legislative committees detailing ticket sales revenue and the financial impact of extending tax exemptions for venue admission fees. These changes take effect on July 1, 2024, and include a provision to remove the reporting requirement by July 1, 2025.