Tennessee House Bill HB2441

Tennessee 2025-2026 Regular Session

• Introduced: 2/3/26
• Refer: 2/5/26

Caption

AN ACT to amend Tennessee Code Annotated, Title 4, Chapter 49 and Title 67, relative to revenues from sports gaming.

Impact

One significant aspect of HB2441 is the introduction of a provision that mandates two percent (2%) of the collected privilege tax to be allocated to programs for at-risk youth, both rural and urban. The Department of Economic and Community Development is tasked with establishing, within existing resources, a program for administering and distributing these funds. This move is likely to have implications for youth support services across the state, focusing on community development and economic opportunities for vulnerable populations.

Summary

House Bill 2441 aims to amend Tennessee Code Annotated regarding the revenues generated from sports gaming. Specifically, the bill proposes to adjust the distribution percentage of the collected privilege tax from the existing eighty percent (80%) to seventy-eight percent (78%). This change in tax allocation is intended to address funding for various state programs related to youth.

Contention

While the bill presents a framework for supporting youth programs, there may be points of contention regarding the adequacy of funds allocated, particularly in the context of existing fiscal responsibilities and commitments. Critics may argue whether the reduction in the privilege tax allocation to state coffers could negatively impact funding for other state operations. Additionally, stakeholders in the sports gaming sector may raise concerns about the implications of changed tax rates on their business models and how those adjustments might affect the overall competitiveness of Tennessee's sports gaming landscape.