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SB 2505 Signed

Economic and Community Development - As introduced, creates a condition of eligibility for certain economic development incentives that employers certify that they pay employees working on the development project for which the incentive was granted at least $21.99 an hour beginning July 1, 2026, with annual adjustments thereafter by the commissioner of economic and community development based on the MIT living wage calculator; allows for recovering from employers found to be in violation of such wage requirements the incentives already provided. - Amends TCA Title 4 and Title 50.

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Legislative Timeline

5 actions
  1. Mar 3, 2026 lower
    Assigned to General Subcommittee of Senate Commerce and Labor Committee
  2. Feb 24, 2026 lower
    Placed on Senate Commerce and Labor Committee calendar for 3/3/2026
  3. Feb 5, 2026 upper
    Passed on Second Consideration, refer to Senate Commerce and Labor Committee
  4. Feb 2, 2026 lower
    Filed for introduction
  5. Feb 2, 2026 lower
    Introduced, Passed on First Consideration
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