Tennessee 2025-2026 Regular Session

Tennessee House Bill HB1290 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1
2	2	SENATE BILL 1179
3	3	By Akbari
4	4
5	5	HOUSE BILL 1290
6	6	By Powell
7	7
8	8
9	9	HB1290
10	10	002013
11	11	- 1 -
12	12
13	13	AN ACT to amend Tennessee Code Annotated, Title 4,
14	14	Chapter 3 and Title 64, relative to the
15	15	establishment of an arts, entertainment, and
16	16	media megasite.
17	17
18	18	BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
19	19	SECTION 1. Tennessee Code Annotated, Title 4, Chapter 3, Part 7, is amended by
20	20	adding the following as a new section:
21	21	(a) This section is known and may be cited as the "Hollyssee Act."
22	22	(b) The purpose of this act is to establish a world-class megasite for arts,
23	23	entertainment, and media in this state, fostering economic growth, creativity, and
24	24	innovation.
25	25	(c) The department of economic and community development is responsible for
26	26	the creation of a world-class megasite for arts, entertainment, and media in this state. In
27	27	order to support the creation of the megasite, the department shall:
28	28	(1) Develop the premises of the megasite by:
29	29	(A) Identifying and acquiring a suitable location for selection of
30	30	the megasite, after considering factors like accessibility, infrastructure,
31	31	and natural resources;
32	32	(B) Generating a comprehensive master plan for the megasite,
33	33	incorporating input from industry experts, local communities, and state
34	34	agencies; and
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39	39	(C) Investing in and conducting any necessary infrastructure
40	40	development, including roads, utilities, and public transportation, to
41	41	support the megasite's development;
42	42	(2) Establish arts, entertainment, and media facilities at the megasite by
43	43	coordinating the:
44	44	(A) Construction of state-of-the-art soundstages and film
45	45	production facilities, which must cater to the needs of film, television, and
46	46	commercial productions;
47	47	(B) Development of a range of music and performance venues,
48	48	including concert halls, theaters, and outdoor amphitheaters;
49	49	(C) Establishment of a collection of art galleries and museums,
50	50	which can be utilized to showcase local, national, and international art;
51	51	and
52	52	(D) Creation of dedicated facilities for virtual and augmented
53	53	reality experiences, supporting innovation and entrepreneurship;
54	54	(3) Establish training and workforce development programs that:
55	55	(A) Focus on arts, entertainment, and media-related skills by
56	56	partnering with local educational institutions; and
57	57	(B) Provide career opportunities, including internships,
58	58	apprenticeships, and job placement by fostering partnerships between the
59	59	megasite and industry leaders;
60	60	(4) Foster economic development and incentives by:
61	61	(A) Offering competitive tax incentives for businesses and
62	62	productions that are located within the megasite;
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67	67	(B) Providing grants and funding opportunities for arts,
68	68	entertainment, and media projects, and for infrastructure development
69	69	and workforce training; and
70	70	(C) Encouraging public-private partnerships, to support the
71	71	development and operation of the megasite;
72	72	(5) Establish appropriate governance and management for the megasite
73	73	by:
74	74	(A) Creating the Tennessee Arts, Entertainment, and Media
75	75	Megasite Authority, a governing authority to oversee the development,
76	76	operation, and management of the megasite; and
77	77	(B) Appointing a board of directors composed of industry experts,
78	78	local representatives, and state officials to guide the authority's decision
79	79	making; and
80	80	(6) Support the funding and implementation of steps necessary to create
81	81	the megasite by:
82	82	(A) Identifying ongoing funding sources for the megasite,
83	83	including public-private partnerships, grants, and tax incentives; and
84	84	(B) Establishing a timeline for the development of the megasite,
85	85	with milestones and benchmarks designating progress towards the
86	86	completion of the megasite.
87	87	(d) It is the legislative intent that the general assembly appropriate two hundred
88	88	fifty million dollars ($250,000,000) in fiscal year 2025-2026 to fund the initial
89	89	development phase of the megasite as described in subdivisions (c)(1)–(6).
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94	94	(e) The department of economic and community development shall promulgate
95	95	rules in accordance with the Uniform Administrative Procedures Act, compiled in title 4,
96	96	chapter 5, to effectuate this section.
97	97	SECTION 2. For purposes of promulgating rules, this act takes effect upon becoming a
98	98	law, the public welfare requiring it. For all other purposes, this act takes effect July 1, 2025, the
99	99	public welfare requiring it.