House Bill 1096, also known as Senate Bill 1074, amends Tennessee Code Annotated to establish and define "community benefits agreements" within the context of economic development incentives. The bill introduces new definitions, including "community benefits agreement," which refers to contracts between employers and community groups that require the employer to provide specific services or benefits to the community, establish employment criteria, or utilize a unionized workforce. Additionally, it defines "community group" and "organization" to clarify the entities involved in these agreements.

Furthermore, the bill modifies Section 4-3-739(b)(1) by allowing employers to enter into community benefits agreements that impose obligations related to employment practices, benefits, or operations, provided these conditions are not directly tied to the employer's duties under the economic development incentive. This legislation aims to enhance the state's ability to manage economic development projects while ensuring that community interests are considered in the process. The act will take effect upon becoming law and will apply to contracts executed, renewed, or modified after the effective date.

Statutes affected:
Introduced: 4-3-739(a), 4-3-739, 4-3-739(b)(1)