Senate Bill 1074, also known as House Bill 1096, amends Tennessee Code Annotated to establish regulations regarding community benefits agreements in 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 such agreements.

The bill also adds a provision that allows the state to enter into community benefits agreements that impose obligations on employers related to employment practices, benefits, or operations, provided these are not directly tied to the employer's duties under the economic development incentive. This legislation aims to enhance the state's role in ensuring that economic development projects contribute positively to local communities while maintaining compliance with state regulations. 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)