House Bill 2156 mandates the Tennessee Department of Revenue to conduct a study on the economic implications of allowing all excise tax credits to be transferable to any person or entity, rather than being restricted to the original recipient. The department is required to report its findings and recommendations to the relevant finance committees in both the Senate and the House of Representatives by December 15, 2026.

This legislation aims to explore the potential benefits of making tax credits more flexible and accessible, which could enhance economic activity and investment in the state. The act will take effect immediately upon becoming law, emphasizing its importance for public welfare.