Senate Bill 2151, also known as House Bill 2156, proposes an amendment to the Tennessee Code Annotated regarding tax credits. The bill mandates that the Department of Revenue conduct a study to assess the potential economic impact of allowing all excise tax credits to be transferable to any person or entity, rather than being restricted to the original recipient. The findings and recommendations from this study are required to be reported to the finance, ways and means committee of the Senate and the relevant House committee by December 15, 2026.

The bill emphasizes the importance of evaluating the implications of transferable tax credits, which could enhance flexibility and accessibility for various entities. It is set to take effect immediately upon becoming law, highlighting the urgency of the matter for public welfare.