Tennessee HB2455 amends economic development laws to set a minimum wage for employees of businesses receiving incentives.
Tennessee HB2455 amends the state's economic development laws to establish a minimum wage for employees of businesses receiving economic development incentives. Effective July 1, 2026, the minimum wage is set at $21.99 per hour. Employers must certify compliance with this wage rate to be eligible for incentives. The commissioner of economic and community development will verify compliance by reviewing payroll records. If an employer is found to be paying less than the required wage, the department must recover the incentive provided.
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