House Bill 1416 amends Chapter 87 of the Private Acts of 1985 concerning the Charter of the City of Germantown. The bill stipulates that the Mayor must serve in a full-time capacity, dedicating their full attention to the duties of the office. The salary for the Mayor will be determined by the Board of Mayor and Aldermen through lawful ordinance, overriding previous provisions in Section 4.03 of the Charter regarding the Mayor's compensation.

Additionally, the bill requires that its enactment be approved by a majority of qualified voters in Germantown during an election scheduled for the first Tuesday of May 2026, coinciding with a primary election in Shelby County. If the primary does not occur on that date, the vote will take place on August 6, 2026, during the Shelby County general election. The election process will follow standard laws applicable to such elections, and the act will not take effect until the results of the referendum are certified.